Eskom wants to adapt or shut down most of its coal plants by 2050, needs R143 billion

Jan

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Eskom needs R143 billion to shut down coal plants by 2050

Eskom Holdings SOC Ltd., South Africa’s state power utility, needs $10 billion to shut most of its coal-fired plants by 2050, a company official said.

The utility is in talks with development finance institutions to raise the money, the head of Eskom’s Just Energy Transition office, Mandy Rambharos, said by phone on Wednesday.

The power plants may be re-purposed, and the sites used to produce power from renewable energy or natural gas, Rambharos has previously said.

Reuters, which reported the amount earlier, said the site of the Komati power plant might be used to produce solar energy, which would be coupled with battery storage.
 

Pineapple Smurf

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143 billion?
And yet the article mentions nothing whatsoever of how this figure was thumbsucked.
No man, this is not lekker journalism Jan

Please downgrade that Staff Writer back to Ricoffy until he/she pulls up their socks

Thank You
 

WAslayer

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Nice..

On the day of the 13.xx electricity price increase, we hear that Eskom will for sure be butthumpimg us even harder for this so called 143 billion Rand they want for this pipe dream..

Thanks, Eksdom, just what I had wanted to hear today..
 

HS2000

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2050 is a long time from now.

Not a fan of Ramaphosa.

Whoever replaces him will probably be a Zuma 2.0 situation.

So all of this is dependent on the president at the time & eskom leadership.
 

AlphaJohn

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Can be done waaaaay cheaper. Just keep doing what you doing now ie: add extra load-shedding, price hikes and what not.

But if you open up for (Solar/Wind farm) competition it might go faster cause at current rate most people/companies will self provide by 2050 anyway.
 

system32

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R143 billion? That's what one of the white elephants cost and they want to tackle all of their fleet with that?
From what I understand, Eskom will be given 0% loans ($10b) to transition to renewable.

The loans are from countries that understand there is only one earth and $10b is small change for them.

The problem is that Eskom will take the money and not implement.

EDIT:

See https://www.theglobeandmail.com/bus...-gas-emitter-seeks-10-billion-for-shift-from/

"It’s a lot of money, so what we are putting on the table is to say to funders: South Africa can offer you the biggest point source of carbon emissions reduction in the world," said Mandy Rambharos, general manager at Eskom’s Just Energy Transition office.

Pay us or else....
 
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ConfusedR

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R143 billion? That's what one of the white elephants cost and they want to tackle all of their fleet with that?
The R143 billion will increase over time.
We have seen that the ANC cannot plan and budget properly because the ANC cadres want to keep on looting and stealing.
 

Jan

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No man, this is not lekker journalism Jan
I feel like I'm not going to be able to live up to this pedestal ;)

The second they are forthcoming with how they got to $10 billion, I'll let y'all know.

This from the original Reuters piece:

Discussions have already started with development finance institutions like the World Bank and the African Development Bank, a senior Eskom official told Reuters.

“It’s a lot of money, so what we are putting on the table is to say to funders: South Africa can offer you the biggest point source of carbon emissions reduction in the world,” said Mandy Rambharos, general manager at Eskom’s Just Energy Transition office.
...
The least aggressive path is the one the government laid out in a 2019 document called the Integrated Resource Plan, which envisaged Eskom shutting down some 35,000 megawatts (MW) of coal by 2050. As of March 2020, Eskom had around 41,000 MW of installed coal-fired capacity.

A bolder one would see even Medupi and Kusile, which will be two of the world’s largest coal plants when fully operational, shuttered in the 2040s, at least 20 years ahead of schedule and leaving Eskom with no coal by 2050 from 15 stations now.

While Eskom could use natural gas as part of its energy transition, the ultimate aim is to replace coal with renewables, Rambharos said. “That is the future. I don’t think we can look at 2050 and still see fossil fuels in there to be honest.”
 

Pineapple Smurf

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The R143 billion will increase over time.
We have seen that the ANC cannot plan and budget properly because the ANC cadres want to keep on looting and stealing.
Yes
The thumbsucked number is 10 billion dollars according to the article
What a lovely number
Not more, not less, just a perfect 10 000 000 dollars :thumbsup:

One Million Dollars GIFs | Tenor
 

mypetcow

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Too many people in this thread seem to be under the impression that Eskom wants $10b in their account so they can just turn off the power stations and call it a day. :ROFL:

To those that say ‘it can be done cheaper’ bear in mind that Eskom has about 35000MW - 40000MW of active capacity installed. Think of it as 29 or so power ship contracts. Now at $10b that’s a pretty good deal to replace all of that while at the same time dismantling the old plants.
 

AlphaJohn

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Too many people in this thread seem to be under the impression that Eskom wants $10b in their account so they can just turn off the power stations and call it a day. :ROFL:

To those that say ‘it can be done cheaper’ bear in mind that Eskom has about 35000MW - 40000MW of active capacity installed. Think of it as 29 or so power ship contracts. Now at $10b that’s a pretty good deal to replace all of that while at the same time dismantling the old plants.

Competition can do it for close to zero cost to tax payer, just allow them in without the BEE ball and chain ;)
 
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