Private sector investment will end load shedding, presidency admits - TechCentral

  • 📰 TechCentral
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Private investment will end load shedding, presidency admits

focus on fixing its dilapidated coal-fired power plants and the longer-term roll-out of at least 50GW of private renewable energy projects by the end of the decade to tackle crippling blackouts, according to senior officials in the nation’s presidency.

Repairs to Eskom’s two newest power stations — Medupi and Kusile — and the completion of maintenance at its Koeberg nuclear plant will be prioritised, and the energy crisis should begin abating towards the end of the year, saidPut me in front of a wall and shoot me if it’s not sorted out in the next two years

“We don’t want to go on discussing load shedding,” Dicks said in an interview. “Put me in front of a wall and shoot me if it’s not sorted out in the next two years.” The breakout of Eskom’s transmission business into a separate unit, which should have its own board appointed by the end of June, is also seen as encouraging the development of additional plants.“We’re moving very quickly from a centrally planned energy system to a decentralised, liberalised electricity market,” Saul Musker, director of strategy and delivery support in the presidency, said in the interview.

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:

 /  🏆 8. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines