Private power stations coming to South African soon

"The energy department has set several minimum requirements - be 51% South African-owned,
and 30% black-owned."
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This bit here is why we might not get a good competition for Eskom, because if that criteria is met, the ANC government can just use the race card when and however they want in pulling the strings to cause upset in such a company. Race is really their only card to play...shame! It's in times like these that I'm so glad that I don't have to be "politically correct" but can speak my mind on any subject in any social media! :twisted:
 
We had our own power station, my little town, then the devil called Eskom came to town, we sold out generators to India.... Now, we wish we never had...

Below snap, removing the diesel generators from power station....

image.jpg
 
“It’s really a mix of the good, the bad, and the ugly,” said coal industry expert Xavier Prevost.
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...because?

Feels like half the article is missing.
 
According to a report by the Sunday Times, several companies are vying for approval from the Department of Energy to build the independent power stations.
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The energy department has set several minimum requirements for the power projects, including the need for them the be 51% South African-owned, and 30% black-owned.
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They're not really independent then are they.
 
They'll probably be finished before medupi/kusile
 
ellyally said:
Sadly yeah, but if say china comes in and imports its own work force, we'll be having a new station completed and on the grid every month.
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It would be interesting to see if foreign investors would tolerate only owning 49% of a business. I'm not sure they would. It hasn't worked out so well for Zimbabwe.
 
ellyally said:
Sadly yeah, but if say china comes in and imports its own work force, we'll be having a new station completed and on the grid every month.
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Well, apparently chinese counts as black
 
deweyzeph said:
They're not really independent then are they.
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Why not? As long as the government doesn't have any ownership, investment in, or control of, the company it's independent, isn't it? Unless you see their BEE stipulations as 'control' of the company, which isn't the case
 
C4Cat said:
Why not? As long as the government doesn't have any ownership, investment in, or control of, the company it's independent, isn't it? Unless you see their BEE stipulations as 'control' of the company, which isn't the case
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The moment a government tells a business who can own what then it is no longer independent. We've seen over and over again that BEE is regularly used by the government to indirectly control businesses. The foreign ownership rules are even more ridiculous and disastrous for foreign investment.
 
orin76 said:
There are many IPPs already in commercial operation ranging from about 1MW all the way up to 100+ MW. If you're referring to domestic or small power producers then that's not yet in place to the Eskom grid.
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Surely Eskom would love to have them feed their surplus power into the grid? - or are they unwilling/unable to pay the IPP's for their energy?
 
deweyzeph said:
The moment a government tells a business who can own what then it is no longer independent. We've seen over and over again that BEE is regularly used by the government to indirectly control businesses. The foreign ownership rules are even more ridiculous and disastrous for foreign investment.
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+1

This rule kept the Indian economy in backwardness for decades. Once lifted, things looked up.
 
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