Eskom corruption. More magic available at jerm.co.za. http://j.mp/2AcOsA5 via @biznewscom With his encyclopaedic knowledge of the energy industry, Investigative Editor of EE Publishers, Chris Yelland, unpacks Eskom’s dysfunctional, clumsy policy management of renewable energy and its dire financial implications for the future.
Set within the context of political chaos – three ministers of energy this year alone – and the volatile political climate, Eskom’s woeful financial management and obfuscatory renewable energy policies, future direction is about as predictable as a leaf in a windstorm. Given the ongoing speculation over Zuma’s behaviour aligning with an already-promised economically suicidal trillion-rand nuclear deal with Russia, one Yelland line catches my attention. It is this; “political interference will artificially constrain renewable energy to force nuclear power into the energy mix.” The knock-on effects of such interference, for reasons we all know have nothing to do with improving power-grid efficiency, are starkly outlined by Yelland. Adding these costs onto the existing Eskom bail-out by the government without fundamentally changing the dysfunctional management structure and the way it does business will effectively nuke the country’s economy. – Chris Bateman
By Chris Yelland*
South Africa’s energy sector is at the crossroads in an uncertain and incoherent policy environment caused by the self-induced chaos of the Zuma administration, with three ministers of energy in 2017 alone, and further political change likely after the ANC’s elective conference in mid-December 2017.
Read more.....
Set within the context of political chaos – three ministers of energy this year alone – and the volatile political climate, Eskom’s woeful financial management and obfuscatory renewable energy policies, future direction is about as predictable as a leaf in a windstorm. Given the ongoing speculation over Zuma’s behaviour aligning with an already-promised economically suicidal trillion-rand nuclear deal with Russia, one Yelland line catches my attention. It is this; “political interference will artificially constrain renewable energy to force nuclear power into the energy mix.” The knock-on effects of such interference, for reasons we all know have nothing to do with improving power-grid efficiency, are starkly outlined by Yelland. Adding these costs onto the existing Eskom bail-out by the government without fundamentally changing the dysfunctional management structure and the way it does business will effectively nuke the country’s economy. – Chris Bateman
By Chris Yelland*
South Africa’s energy sector is at the crossroads in an uncertain and incoherent policy environment caused by the self-induced chaos of the Zuma administration, with three ministers of energy in 2017 alone, and further political change likely after the ANC’s elective conference in mid-December 2017.
Read more.....
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