Africa needs R5.5trn to prevent power cuts

[Kevin Lancaster]

Africa needs R5.5trn to prevent power cuts

Africa needs almost R5.5trn investment in the energy sector to reduce power outages by half and achieve energy excess in urban areas.

 

[grok]

If electricity is so important, why did the ANC not make sure we have enough when they were told we're running out? Maybe you need money and brains..

 

[ellyally]

Can start by getting back the trillion or so ANC has 'lost' and can't account for over the last decade or so

 

[ToxicBunny]

The ANC should have that in their bank accounts... they've stolen at least that over the last twenty years.

 

[etienne_marais]

While I am against handouts in general (which ends up in the hands of the corrupt), I think the first world should look at infrastructure development in Africa which includes the electricity grid. In the long run it's for the best for everybody.

 

[Milano]

The dark continent.

 

[ToxicBunny]

While I am against handouts in general (which ends up in the hands of the corrupt), I think the first world should look at infrastructure development in Africa which includes the electricity grid. In the long run it's for the best for everybody.

Why?

What ROI do the first world get out of it?

Currently Africa is an unstable political environment where large scale infrastructure investment is a dicey affair since the prevailing government can just take it all away from you.

 

[TJ99]

While I am against handouts in general (which ends up in the hands of the corrupt), I think the first world should look at infrastructure development in Africa which includes the electricity grid. In the long run it's for the best for everybody.

Who exactly is "the first world"?

You do know that whatever infrastructure there is, apart from some in SA, Ethiopia and a few others, were built by "teh first world", right? Mostly the British Empire but also the French, Germans, Portuguese and other European countries. Most African countries received fully functioning power grids on their independence but didn't maintain and expand it properly.

So they got working stuff, ****ed it up through incompetence, corruption and wars, and now The First World who work hard to maintain their economies have to give moni plz.

 

[Sneeky]

If electricity is so important, why did the ANC not make sure we have enough when they were told we're running out? Maybe you need money and brains..

It has become quite evident that they cannot plan or build much unless it involves a round ball and money.

Most infrastructure has been run past it's life and capacity with little to no investment in the future or preventative maintenance.

Now yes, they had other priorities sure, but completely failed to grasp the seriousness and implications of ignoring this one.

 

[heartbroken]

While I am against handouts in general (which ends up in the hands of the corrupt), I think the first world should look at infrastructure development in Africa which includes the electricity grid. In the long run it's for the best for everybody.

They won't invest jack squat in this country while morons are running it.

 

[Species8472]

While I am against handouts in general (which ends up in the hands of the corrupt), I think the first world should look at infrastructure development in Africa which includes the electricity grid. In the long run it's for the best for everybody.

Have you seen what the Chinese do in Africa? They move in, build huge infrastructure projects then mine the **** out of an area, taking EVERYTHING out of the country.

Also, they use Chinese workers.

The only people that benefit are the officials in government.

 

[Chevron]

Who exactly is "the first world"?

You do know that whatever infrastructure there is, apart from some in SA, Ethiopia and a few others, were built by "teh first world", right? Mostly the British Empire but also the French, Germans, Portuguese and other European countries. Most African countries received fully functioning power grids on their independence but didn't maintain and expand it properly.

So they got working stuff, ****ed it up through incompetence, corruption and wars, and now The First World who work hard to maintain their economies have to give moni plz.

Well said.

 

[GoofySmurf]

While I am against handouts in general (which ends up in the hands of the corrupt), I think the first world should look at infrastructure development in Africa which includes the electricity grid. In the long run it's for the best for everybody.

Yeh sure the black man steals and plunders the treasury and runs Eskom into the ground and now you want to run to the white man to fix it and while you are at it asking for more money ..... while retrenching all the skilled white engineers at the utility ... no first world country will invest or save eskom as the political situation in the country is to uncertain.

THis with weekly statements by the guavament that white foreigners are not welcome in the country and are not allowed to own land but now you want his money and cry foul when they laugh you of.

You have better chances from the Chinese but they wont invest either ...

The first world build the power stations that the 3rd world took 20 years to destroy and now wants more handouts rofl!!!! In every single Arica country this happened after they got independence.

Whahahaha

African style!

 

[etienne_marais]

While I am against handouts in general (which ends up in the hands of the corrupt), I think the first world should look at infrastructure development in Africa which includes the electricity grid. In the long run it's for the best for everybody.

Clearly not a popular proposal, and I actually agree with most of the responses. My viewpoint is that gradual development leads to stability (Maslow and all that), at least as much as Africa is capable of.

 

[ToxicBunny]

Clearly not a popular proposal, and I actually agree with most of the responses. My viewpoint is that gradual development leads to stability (Maslow and all that), at least as much as Africa is capable of.

In a perfect world yes, that does apply..

This is unfortunately not a perfect world, and there are too many risks involved if you ask me. If I was a even vaguely risk averse investor, I'd stay the hell away from big infrastructure developments in Africa.

 

[Sneeky]

You can practically forget about any real industrial growth without adequate power.
The damage this has done has set us back another 10-20 years.

Gloomy picture painted here.
R1 trillion spend fails to keep lights on in SA
http://www.fin24.com/Economy/R1-trillion-spend-fails-to-keep-lights-on-in-SA-20150512

 

[itareanlnotani]

Green energy builds can and should be accelerated.

As there is no other option, the government has finally gone that route, despite the fact that there is less money for them to be made.
http://www.ipprenewables.co.za/#page/2183

Foreign renewable implementations show that we can cater for at least 20-35% renewables without too much issue.
We're nowhere near that, and renewables are the fastest track to adding more power to the grid.

Build times are generally < 1 year (Although the paperwork is typically 3-4 years).

All Eskom needs to do is bid to purchase electricity at a competitive rate from the generator (last competitive bids were cheaper than coal @ < 80c a KW for PV and < 67c KW for Wind (cheapest wind is at 56c KW!) ). Private investment is eager to provide, so there is no cost - its all benefit its cheaper than running diesel or gas, no pollution or running costs.

 

[Hemi300c]

Africa needs almost R5.5trn investment in the energy sector to reduce power outages by half and achieve energy excess in urban areas.

FFS this isn't a solution. This country and all it's parastatals and departments are run by @ssholes thats why we in the shyte.