Eskom says no to Treasury’s Kusile sale plan

Bradley Prior

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Eskom says no to Treasury’s Kusile sale plan

Eskom Holdings SOC Ltd., the state-owned utility that supplies about 95% of South Africa’s power, rejected proposals by National Treasury that it sell some plants to reduce its debt mountain, a lawmaker said.

Eskom has turned to the government for bailouts to remain solvent as it confronts massive cost overruns at two partially completed coal-fired plants -- Medupi and Kusile -- and its other aging plants struggle to produce enough power to meet demand. [Bloomberg]
 

system32

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Eskom can keep the existing power stations.
Just change the laws to allow easy connection to national grid and then independent generation.
Current cost of new Wind & Solar cheaper than Eskom's old coal or new Medupi and Kesuli.
 

Sinbad

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Eskom can keep the existing power stations.
Just change the laws to allow easy connection to national grid and then independent generation.
Current cost of new Wind & Solar cheaper than Eskom's old coal or new Medupi and Kesuli.
To do this you need to split generation and transmission as a reliable entity needs to maintain the stability of the grid.
 

The Trutherizer

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Yup.

What are Eskom doing to do? turn off the power?
Or have a mass resignation?
:ROFL::ROFL::ROFL::ROFL:
You joke. Those aholes will. They have before. That said. It is actually highly illegal to do so since Eskom's role makes it a key strategic asset that by law must never renege on it's responsibilities. This actually goes for all employees there. Any Eskom employee striking is actually breaking the law.

Too bad our gov has a rather brittle spine from bending over for the over powered unions for so long.
 

The Trutherizer

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Eskom can keep the existing power stations.
Just change the laws to allow easy connection to national grid and then independent generation.
Current cost of new Wind & Solar cheaper than Eskom's old coal or new Medupi and Kesuli.
Much as that makes sense and people have been saying it for a long time. We have to first get past the Unions which, although technically interference in Eskom's operations is illegal for them and their members, have gotten their way for so long. Because it's an SOE and the state, aka the ANC for what seems like forever, relies on them as one of their key political power brokers.

They are perfectly happy where they are. Solidly in their comfort zone. Even a better way means change for them so...

I myself like what Binen is proposing in the US. Make the minimum wage for renewable energy workers substantially higher than the norm. Do that and see how public opinion changes. Including unions.
 

system32

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Much as that makes sense and people have been saying it for a long time. We have to first get past the Unions which, although technically interference in Eskom's operations is illegal for them and their members, have gotten their way for so long. Because it's an SOE and the state, aka the ANC for what seems like forever, relies on them as one of their key political power brokers.

They are perfectly happy where they are. Solidly in their comfort zone. Even a better way means change for them so...

I myself like what Binen is proposing in the US. Make the minimum wage for renewable energy workers substantially higher than the norm. Do that and see how public opinion changes. Including unions.
Unions are not a problem as all existing people would still work for Eskom.
In fact there would be more people employed in the private generation sector.

After a while as new cheaper private generation comes online (3 to 10 years), the old power stations would not be able to compete on price and would naturally shut down.

Just need to change the laws to treat transmission as independent.
 

Lupus

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Eskom can keep the existing power stations.
Just change the laws to allow easy connection to national grid and then independent generation.
Current cost of new Wind & Solar cheaper than Eskom's old coal or new Medupi and Kesuli.
Wind and solar aren't cheaper unfortunately, they also aren't as clean as thought. Technically overall nuclear would be cheaper and cleaner over the long run, but everyone is afraid of it because some old tech failed many years ago.
 

system32

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Wind and solar aren't cheaper unfortunately, they also aren't as clean as thought. Technically overall nuclear would be cheaper and cleaner over the long run, but everyone is afraid of it because some old tech failed many years ago.
Citation need for stating that Wind & Solar aren't cheaper and clean.
PS. Don't quote Trump.

Here let me enlighten you:
 
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Mystic Twilight

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Why is this even a discussion, just expropriate it without compensation and then sell it afterwards. Its free real estate.
 

yebocan

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Just stop the bailouts until they agree.
well their counter will be "Load Shedding Imminent " - that is how they are able to keep the party/corruption going at Eskom...
 

Lupus

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Citation need for stating that Wind & Solar aren't cheaper and clean.
PS. Don't quote Trump.
https://www.city-journal.org/wind-power-is-not-the-answer
https://www.bloomberg.com/opinion/articles/2018-10-04/wind-power-isn-t-as-clean-as-we-thought-it-was

You're also forgetting that these two solutions require batteries or another source of power when there is no sun and wind, they also require a lot of area to get the necessary footprint to generate sufficient power.
Batteries need to be replaced, they are not cheap, they are not clean and they are not sustainable.
 

system32

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https://www.city-journal.org/wind-power-is-not-the-answer
https://www.bloomberg.com/opinion/articles/2018-10-04/wind-power-isn-t-as-clean-as-we-thought-it-was

You're also forgetting that these two solutions require batteries or another source of power when there is no sun and wind, they also require a lot of area to get the necessary footprint to generate sufficient power.
Batteries need to be replaced, they are not cheap, they are not clean and they are not sustainable.
Coal isn't as clean as we though it was.
The research conducted by Lee Miller and David Keith has been misinterpreted by Bloomberg and city-journal.
See the fact checking and explanation of what Miller and Keith were actually saying:
 

Lupus

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Coal isn't as clean as we though it was.
The research conducted by Lee Miller and David Keith has been misinterpreted by Bloomberg and city-journal.
See the fact checking and explanation of what Miller and Keith were actually saying:
Yet you're forgetting it still requires batteries, which are probably just as bad for the environment as coal. Nuclear would be the ideal solution for now, but everyone is scared of it.
 

system32

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yebocan

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You joke. Those aholes will. They have before. That said. It is actually highly illegal to do so since Eskom's role makes it a key strategic asset that by law must never renege on it's responsibilities. This actually goes for all employees there. Any Eskom employee striking is actually breaking the law.

Too bad our gov has a rather brittle spine from bending over for the over powered unions for so long.
Eskom is/has been a corrupt enterprise, from well before '94 ...only difference is , the number that are partaking has increased...so now it is now longer discreet skimming from the top. Could be one of the reasons the Gupta endeavour was so successful.
 

Lupus

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Wait Eskom says no, so how about the treasury turns around and says, "tough, you are an SOE, you're not an private company, do what we say."
 
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