Eskom and trade department duel for R127-billion green energy funding

[Hanno Labuschagne]

Eskom and trade department duel for R127-billion green energy funding

One of the biggest announcements from last year’s COP26 climate talks was a pledge by some rich countries to provide $8.5 billion (R127 billion) to help South Africa transition away from coal.

Now different interests within the country are tussling over how that money should be distributed.

Eskom Holdings SOC Ltd., the embattled state-owned utility, is proposing that a substantial portion be used to expand the grid in order to encourage more investment in renewable electricity, according to people familiar with the situation.

[Bloomberg]

 

[lkswan747]

I think that it would be wrong for Western countries to donate money to the SA Government for green energy. Donor countries should manage the funds directly and employ local as much as possible with the project management being managed by the said donor.

No Money to SA Government for Green Energy

 

[zolly]

Eskom and trade department duel for R127-billion green energy funding

One of the biggest announcements from last year’s COP26 climate talks was a pledge by some rich countries to provide $8.5 billion (R127 billion) to help South Africa transition away from coal.

Now different interests within the country are tussling over how that money should be distributed.

Eskom Holdings SOC Ltd., the embattled state-owned utility, is proposing that a substantial portion be used to expand the grid in order to encourage more investment in renewable electricity, according to people familiar with the situation.

[Bloomberg]

How is this even a thing? No electricity, no trade. Give it to Eskom. And I mean this in the sense of the company, not the corrupt people there who are going to steal it.

 

[Kodi]

A fool and his money.......

 

[mister]

R127 billion sounds about right for a new dairy farm? any other ideas?

 

[AlphaJohn]

Hmmm Gov vs Eskom

The one that can catch the most criminal/corrupt staff members can bid for the $$$

Oh wait, there will be no one left to claim the winnings

 

[Kodi]

R127 billion sounds about right for a new dairy farm? any other ideas?

Brooms.

 

[Johand]

Thumbs for Eskom and electric cars. The ROI on Green Hydrogen will be terrible in the Short-Term - better wait for that technology to mature and become cost effective.

 

[porchrat]

Brooms.

Should cover a good 4 or 5 brooms. Megawatt Park going to be so clean dude.

 

[mister]

Brooms.

With a golden handle! (made of plastic of course... don't want to waste the funds on anything of actual value)