The state-owned power utility, which is saddled with R396 billion of debt, plans to tap private investors for the R990 billion it needs to fund new generation capacity and shift to cleaner energy sources by 2030, Matthew Mflathelwa, general
manager for strategy and planning, said in an interview Wednesday in Johannesburg.“We would require a partnership of some kind, whether it is at a multinational level or whether it’s at the institutional level. I think those details need to be worked out.”
You'd think that would be enough, but it's Eskom. So double or triple that.
lanya
But in 2016 1 trillion was too expensive for Nuclear, but in 2022 1.2 Trillion Rands is fine for renewables... interesting 👀LandNoli koko_matshela
OfficialNtokozo What will those private companies get in return
They’ll want a return on their investment
Are you SHITTING me?!?! They're getting free money - billions - thrown at them by the EC, and they're taking billions already on top of what we have to pay. I'm going solar ASAP. F U Eskom.
Renewable Energy is a nice to have for first world countries not a barely developing nation… the country needs stable, reliable base load not such
👆🏻Don’t they sell product to paying customers and make a living. 🤷🏻♂️
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