CAPE TOWN -South Africa is in talks with groups helping to fund its switch to a greener economy about delaying the closure of some coal plants as it battles to boost. -May 21, 2024 at 09:03 am EDT
- MarketScreener
On day 55 of no loadshedding in South Africa, newly appointed Eskom boss Dan Marokane warns that the country is “not of out the woods yet, but we have visible progress towards where we want to be, and we should acknowledge that”. Speaking at Enlit Africa 2024 held in Cape Town on Tuesday – on day 82 in the hot seat – Marokane said a debate anchored around suspicions on whether the improvement in electricity availability might be linked to the next week’s general elections was of little help.
South Africa’s state-owned power utility Eskom needs to run some coal-fired plants for longer than their planned retirement deadlines to avoid leaving the national grid “vulnerable,” according to its chief executive officer. Eskom has approved a plan to keep using at least three stations that were scheduled to close over the next few years until 2030. For years, an unreliable power system has hit South Africa with blackouts that crimp economic growth.
STORY: South Africa is meant to be a poster child for the global energy transition. But on Tuesday the head of state utility Eskom said talks were being held with groups. -May 21, 2024 at 12:29 pm EDT
- MarketScreener