Site icon News Azi

Mantashe says more coal worth a court battle

South African Energy Minister Gwede Mantashe upped the ante in his battle to retain a plan to build more coal plants, saying a trip to court would be well worth the effort.

“I know that we’re going to end up in court for it,” he told reporters at the Africa Energy Week conference in Cape Town on Tuesday. “Everything we do you end up in court, but I think we should.”

Join heated discussions with the Moneyweb community, and get full access to our market indicators and data tools while supporting quality journalism.

R63/month or R630/year

SUBSCRIBE NOW

You can cancel at any time.

The former coal unionist is at the center of a fight over whether the black rock should remain part of South Africa’s future energy mix rather than more climate-friendly options. Envoys from the UK, US and the European Union flew to the country last month to offer billions of dollars in concessional loans and grants to ditch the plans for coal, though Mantashe didn’t meet them.

The construction of 1,500MW of new coal capacity has been included in South Africa’s Integrated Resources Plan and should be retained, the minister earlier told reporters. That would allow for the development of cleaner coal technology that could prolong use of the fuel, he said.

South Africa also wants to look at exploiting recent gas discoveries, though that would require fresh funding, Mantashe said.

The battle over how to increase South Africa’s energy supplies comes as coal-dependent Eskom, the state-owned electricity monopoly, initiates weeks of rolling power cuts due to generation capacity shortages.

© 2021 Bloomberg

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – admin@newsazi.com. The content will be deleted within 24 hours.
Exit mobile version