You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW JEREMY MAGGS: So this was some positive news emanating over the weekend, but is it too soon to celebrate? Load shedding will be over, bar Stage 1, by the end of this year and permanently ended by the end of 2025. That assessment from Business for South Africa , it’s the private sector initiative convened to help government in key areas.
The Energy Action Plan underneath that is, one, we have to end load shedding as quickly as possible. Two, accelerate a lot of new generation, and three, we need to reform the energy sector.But this programme has been running for quite some time now.
JAMES MACKAY: Ja, I think, Jeremy, to answer it’s the context of why this partnership was formed, if we consider the back of state capture and Covid. But really the 18 months in the buildup to 2022, we had the KwaZulu-Natal riots, we had really SOE collapse, both Eskom and Transnet through load shedding, rail performance, port performance.
JEREMY MAGGS: But there are two specific things that I understand are happening. One is the role and contribution of independent power producers and secondly, to the point that you are making, is that greater effort has been made to stabilise Eskom’s coal plant performance. But it’s the latter that still remains a worry though.
JAMES MACKAY: Absolutely. I think we must also just put it in context, this is not a bad thing. A lot of rhetoric is around how we’re keeping out a load shedding because the private sector is doing it for themselves. That’s not correct. We have to go through an energy transition. The whole world has done it, we’ve lost a lot of time, and this is the norm.
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