Purported plans by the Indian government to force power plants to maximise output amid an anticipated electricity crunch spells good news for South African coal miners.
Reuters on Monday reported that the Indian government plans to use an emergency law next month to force power plants that run on imported coal to maximise output in preparation for expected record consumption this summer. The government previously invoked this emergency clause, as provided for by the nation's Electricity Act, in May last year, when power plants with a combined capacity of about 17GW halted operations in response to record high coal prices.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tongaat Hulett CEO Gavin Hudson resigns, business rescue plan is delayed | BusinessThe release of a business rescue plan for embattled sugar producer Tongaat Hulett has been pushed by a month until the end of February, when CEO Gavin Hudson will also leave the firm after just over four years in the job. | News24_Business _Business Easy solution ask young Johan Rupert to help
Source: News24 - 🏆 4. / 80 Read more »
Business Maverick: Erratic weather and power pose risk to South Africa summer crop yieldsToo much rain makes no grain, while too much heat means less to eat. This erratic combination has taken root in the current summer growing season in South Africa. Throw in Eskom’s woes, and yields may suffer at a time of elevated food inflation. We can't catch a break 😢😢😢
Source: dailymaverick - 🏆 3. / 84 Read more »
R88m in emergency funding for generators to keep water services running in Western CapeWestern Cape finance and economic opportunities MEC Mireille Wenger has authorised the release of R88.8m in emergency funding to procure backup generators to keep water treatment and supply services running during load-shedding.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Gold mines and untold stories: Soweto's urban hikes | BusinessSoweto is full of gritty urban landscapes and alleys which evoke its history as one of apartheid's battlegrounds. Yet there is also a gentler side to the vast Johannesburg township, and one that local entrepreneurs are portraying to curious tourists. Toe ek my werk verloor het, het ek gedink ek het dit alles verloor. Met die bietjie kontant van R3000 het ek R33,000 binne 'n week verhandel, sy weet dalk nie, maar sy het my regtig gered richard1_ray Ek het nog 'n groot wins van R120,450 vir die tweede keer gekry na nog 'n suksesvolle handel met richard1_ray , ek twyfel van die begin af daaraan, maar dit het my eintlik verkeerd bewys, nou glo ek dat Bitcoin Mining Real is. boodskap richard1_ray oor hoe om te begin Just remove all the shopping malls that they've mistaken for development rather than see it for what it truly is - the destruction of native economy. That's the starting point.
Source: News24 - 🏆 4. / 80 Read more »
These young robotics wizards are on a mission to provide limbs to the disabled | BusinessIn the suburbs of Kikuyu in Kenya's Kiambu County, 29-year-old Moses Kiuna and his cousin David Gathu are fiddling with wires and electric cables in their workshop, their grandmothers' former granary. | News24_Business _Business At last I bravely gave a try after a Friend recommended Mathilda, month ago i invested a min R6k been a jobless hustler, but i literally can't tell of how happy i am right after a profit return of R21k not much of it but surely it worth it, hit her up for startup Mathildanewtoon
Source: News24 - 🏆 4. / 80 Read more »