By Alistair Holloway
March 22 -- South Africa favors a new coal- fired power plant because it will be the fastest and cheapest way of meeting the country’s power needs, Finance Minister Pravin Gordhan said in a column for the Washington Post.
March 22 -- South Africa favors a new coal- fired power plant because it will be the fastest and cheapest way of meeting the country’s power needs, Finance Minister Pravin Gordhan said in a column for the Washington Post.
Coal is the country’s “most abundant and affordable energy source” and it is “not the most auspicious time” for utility Eskom Holdings Ltd. to raise money, the minister wrote. While an application for a $3.75 billion World Bank loan, part of which will finance the new plant, faces opposition, the project “is the only responsible way forward,” the minister wrote.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=aEHozTvqaOfM
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