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South Africa inaugurates massive new Medupi coal-fired power plant
$3.4B USD with a 'B' [USD vs. Rand] from the World Bank, where do we sign ? The Medupi power station, situated north of Johannesburg, is to produce 4,800 megawatts of electricity by 2019, when it is expected to be operating at full capacity. South Africa has suffered through rolling blackouts, known as load shedding, as the state-owned utility Eskom has sought to ease pressure on its stable of ageing and poorly-maintained power stations. South Africa last new gas-fired power plant opened in 2013, while a new coal-burning plant has not come online since 1996. "Today we open an important and exciting chapter in our country's energy history," Zuma said. What's a few carbon emissions between Kommunis friends eh? "Shortage of energy is a serious impediment to economic growth," he added. Construction on Medupi began in 2007 and was supposed to be complete five years later. Yet delays have meant that the plant, which South African authorities call the country's largest coal-fired station, will be fully operational some seven years late. The new plant's first unit began operating in March and its 749 megawatts of electricity should help ease the stress on the country's troubled electrical grid. Another coal-fired plant is under construction in Kusile, east of Johannesburg, and it is expected to pump out a flow of electricity similar to Medupi, but that project has also been hampered by major delays. Everything takes longer here, legalities, gov't permits and such. "It's too premature to say that it's the end of load shedding with this inauguration," energy specialist Chris Yelland told AFP. "On Monday, a unit of the Koeberg power plant will be shut down for maintenance for three months," he said, referring to the country's only nuclear station north of Cape Town. Maintenance is it? Something to monitor closely at high altitude ek se. South Africa's ongoing electricity woes have undermined economic growth, disrupting the manufacturing and mining sectors especially hard. In May, Statistics South Africa fingered the rolling power cuts for slowing the country's growth to a disappointing 1.3 percent in the first months of 2015. The country's annual production is about 40,000 megawatts. Eskom generates more than 95 percent of South Africa's electricity and has been weakened by years of underinvestment, ageing coal-fired infrastructure and governance problems.The building of the coal power station has attracted criticism. Critics have alleged that the government pushed the project forward because the African National Congress held a 25% share of the venture and stood to make a profit of close to 1 billion rand on the deal. Backers of the project argued that the plant is needed. Some critics say that effective management of coal supplies was needed, not another coal station. [My emphasis added]. The African Development Bank lent $500 million for the project in 2008. In 2010, the World Bank agreed to lend South Africa $3.75 billion to assist with several energy projects, with $3.05 billion allocated for completion of the Medupi power station. The approval of the World Bank loan drew criticism for supporting increased global emissions of greenhouse gases. Wik Link Posted by: Besoeker 2015-08-31 |
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