'l want power to the grid': Finance Minister Enoch Godongwana weighs in on ongoing power outages
- Oct 18, 2021 1:27 pm GMT
Power supplier Eskom has been an albatross to economic growth as it battles to keep the lights on due to its ageing coal-fired power plants, which experiences frequent breakdowns due to rising demand.
Speaking at the South African Jewish
He said that the government had tried but failed to fix Eskom in those years.
“l want power to the grid, who gives it is immaterial,” he said.
Godongwana said creating hope in
The minister reaffirmed the need for
He said the Covid-19 pandemic had shown everyone that all sectors across
This as policy decisions usually take long to implement due to differences of opinion between the government, business, and labour stakeholders at the
“If we can take a lesson from Covid-19, all South Africans worked together,” he said.
“That in itself shows that there’s positive commitment among all South Africans. The key question is how do we marshal into the right energy.”
Responding to Godongwana, Eskom chief executive
He said a cleaner and greener future that lessens South Africa’s dependency on coal would save the fiscus R300 billion that has to be spent rehabilitating coal power stations.
“Eskom is an old car that we can’t expect to go for another 20 years without a transition to new technologies in a phased approach. In fact, its fleet and equipment has an average age of 41 years,” he said.
“South Africa needs 4 000MW-6 000MW of new capacity added to the grid to support economic growth.”
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