PODCAST: Half full? Half empty? Or just not full?

The $8.5bn pledged by the EU, the US and the UK is, he says, “secure” despite the resignation of Eskom CEO Andre de Ruyter, who helped raise the money in the first place.

Nonetheless, he concedes, we are “in a very real and tangible crisis and we have manifestly failed to make sure that we have the generating capacity” we need. “You can’t sugar-coat the bald facts,” says Olver.As for the ANC “decision” recently to pass control of Eskom to the department of minerals and energy, the absence of management skills there would make it a “catastrophic move” if it were to happen.

“I think there needs to be a second take,” he suggests. For Olver, two key reforms are irreversible. First, the decision to carve a separate transmission company out of Eskom is happening . Second, there are no limits any more on how much power private sector companies can now generate. It may all take a while to gel but it can’t be stopped.

Source: Energy Industry News (energyindustrynews.net)

energycouncilsa Bruceps Absolute BS! That is the best decision ever as energy has been hijacked for profit & the poorest in the most unequal society are paying for it. They can't afford alternatives & coal energy remains cheapest solution. Gwede is 100% right.

energycouncilsa Bruceps MYANC the IPP lobbyist are going to take you to court for moving Eskom_SA to DMRE_ZA.

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