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Funding reluctance stymies growth of SA coal industry

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SA’s coal industry faces a grim conundrum 🔒

SA’s coal industry faces a grim conundrum: Eskom’s looming coal shortfall presents an overwhelming business opportunity for the sector, but no-one is willing to fund it.

According to Eskom’s head of primary energy, Dan Mashigo, who spoke at the Coal Industry Day in Johannesburg on Wednesday, the utility has a projected shortfall of 1.3-billion tons of coal up until the end of the lives of its coal-fired power plants. From now until 2030, Eskom’s shortfall is 470-million tons.

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