Eskom back-out could cause R150-billion backfire

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Eskom back-out could cause R150-billion backfire
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The plan to extend the lifespan of Eskom’s coal fleet could scupper R150 billion of climate funding from wealthy nations.

. He said that government policy on Eskom “is currently made on the hoof”.

“Nobody is forcing South Africa to accept these loans. South Africa will do so by itself and if it thinks it’s in its interests. Five German companies were appointed and are expected to complete their assessments of the power stations by the middle of the year,Yelland said that the plan to extend the life of the coal power stations could be preempting the findings of the German consortium.Yelland said that he thinks there has been a sudden re-think of these policies as an “act of desperation.”

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