Eskom wants to build a new 3,000 MW gas-fired power station in Richards Bay, KZN.
Eskom is working with National Treasury to create a funding plan for a 3,000MW gas-power station built in Richards Bay, KwaZulu-Natal., Eskom is looking for a way to build the power station without borrowing any more money.
The Energy Intensive Users Group, whose members include AngloAmerican, Sasol, and Rand Water, previously said that the gas-fired power stations will be incredibly important with the introduction of renewable energy sources. Considering the volatility of the rand – which recently hit an all-time low against the dollar – the price of producing electricity could fluctuate constantly, Minerals Council SA said.The proposed power station could also hit further bureaucratic issues following the new powers given to Electricity MinisterIn January 2022, Eskom approached Mineral Resources and Energy Minister Gwede Mantashe with the plan for the Richards Bay power plant, which he greenlit and sent to Nersa.
He will thus have all the powers contained in Section 34 of the Electricity Regulation Act, which were previously held by Mantashe.
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