The R135-billion Medupi power plant won’t ever make a profit because of delays, design defects and increasing opposition to coal-fired electricity generation, one of its funders said.
Browsing: Eskom
Eskom has completed unit 4 at the Kusile power station, the long-delayed coal-fired power station, with the unit handed over to the company’s generation division on Tuesday.
The UK is considering guaranteeing at least $1-billion of South African debt as part of a deal designed to cut the nation’s reliance on coal.
Government last year lifted the cap on private power generation to 100MW, below which companies don’t need to be licensed. Now Eskom CEO André de Ruyter has questioned why there’s a cap at all.
Eskom CEO André de Ruyter has said South Africa has no choice but to shift from coal to renewable energy.
Eskom said it would implement stage-2 rotational power cuts on Monday from 5pm to 10pm after breakdowns at its coal-fired power stations.
South Africa will need to spend $250-billion over the next three decades closing down its coal-fired power plants and replacing them with green energy, according to a study.
Ekurhuleni, east of Johannesburg, may have a head start in the race between South African cities to buy their own power to alleviate load shedding.
The City of Johannesburg, facing an energy supply and energy infrastructure crisis, is turning to the private sector for urgent help.
Energy regulator Nersa has approved the first two 100MW private power projects in South Africa, with the two sites expected to come online in about 16 months.