Minerals Council welcomes inclusion of private sector in solving SA’s energy crisis - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

A field of solar panels for renewable energy.

The Minerals Council South Africa says it welcomes President Cyril Ramaphosa’s recent announcement on the inclusion of the private sector inAccording to the council, the President’s plan to abolish the 100MW licencing cap on private sector renewable energy projects will ensure greater private sector participation to urgently install electricity generation capacity and addressThe council says the mining industry already has 73 projects in the pipeline from 24 mining companies to generate 5.

So far this year, the National Energy Regulator of South Africa has registered 295MW for mining companies.Meanwhile, the National Union of Mineworkers says government’s hasty facilitation of the privatisation of Eskom is economically counter-productive. Num’s energy sector coordinator Khangela Baloyi says government’s determination to privatise Eskom will lead to job losses.

“That’s what we believe. Because when you give the private players to generate electricity, you are taking the market from Eskom. When you lift the threshold of 100 megawatts for companies to be allowed to build their own power station, you are actually taking away the customers of Eskom. [You are] taking away the ability [for] Eskom to make revenue … to make sure that Eskom is bankrupt and then you hand it over to private,” says Baloyi.

Taking our coal to the G7 ... ?

Cyril is the private sector

I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just R10,000 i got R100,000 in 7days James_Alderson8

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Digital Finance Africa - IT News Africa | EventsDigital Finance Africa 2022, hosted by IT News Africa is the most sought-after event in the digital ecosystem. This is due to its well-researched,
Источник: ITNewsAfrica - 🏆 27. / 59 Прочитайте больше »

Business Maverick: South Africa Requests Extradition of Gupta Brothers From UAESouth Africa submitted a request for extradition from the United Arab Emirates of the Gupta brothers, who are wanted for allegedly masterminding the looting of billions of dollars from state entities on Monday.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »