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

United States News News

Mantashe’s new plan to create state power company takes shape
United States Latest News,United States Headlines
  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

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:

BDliveSA /  🏆 12. in ZA

United States Latest News, United States 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 shapePlan 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.
Read more »

Mantashe's plans for Eskom 2.0 take shape with proposal for gas power stations | Fin24Mantashe's plans for Eskom 2.0 take shape with proposal for gas power stations | Fin24The proposed new company, dubbed Generation 2, will take over three Eskom coal power plants that are set for decommissioning and convert them to gas power stations, according to Mineral Resources and Energy Minister Gwede Mantashe. | Fin24
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
Read more »

Massmart shares skyrocket following announcement of potential total Walmart takeoverMassmart shares skyrocket following announcement of potential total Walmart takeoverTaking Massmart private may help Walmart cut costs and invest in the company that owns brands including Makro and Builders without the scrutiny that comes with being a public company.
Read more »



Render Time: 2025-03-04 01:57:08