Mantashe’s new plan to create state power company takes shape

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The new company will take over the three plants that are set for decommissioning, says the mineral resources and energy minister

Mineral resources & energy minister Gwede Mantashe. Picture: BLOOMBERG/DWAYNE SENIOR is forging ahead with a plan to create a new state-owned power company by converting three coal-fired plants into gas-burning generators to ease the nation’s energy crisis.

Mantashe’s plan envisages taking over the ageing Hendrina, Grootvlei and Camden power plants, which have a combined generation capacity of 4,800MW. Almost a third of Eskom’s plants will reach end-of-life as early as 2023. To replace the plants and add capacity needed to meet rising demand will take years and cost more than R1-trillion, according to government estimates.

Once the proposal is approved, the government will invite engineering, procurement and construction companies. The cost of converting the plants would be determined at that point, said Maduna Ngobeni, the department’s head of projects.

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:

 /  🏆 12. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Plan for a new state power company in South Africa takes shapeSouth Africa is forging ahead with a plan to create a new state-owned power company by converting three coal-fired plants into gas-burning generators to ease the nation’s energy crisis. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
Source: BusinessTechSA - 🏆 24. / 61 Read more »

EU prepares to step into its energy market to ease pricesPrice caps on gas and a new tax on energy companies are among measures under consideration amid an unprecedented spike in power prices You are indeed a great man to be called, I assure you that I will bring friends to come and invest with you because of the excellent work you did for me, I will keep sharing the good news about you JamesAlderson0
Source: BDliveSA - 🏆 12. / 63 Read more »