Govt will seek to soften blow from coal closures, says Mantashe

fin24.com

- fin24.com | 3 weeks ago

Minister of Mineral Resources and Energy Gwede Mantashe says his department is considering interventions to soften the blow of decommissioning coal power stations on local economies and mining towns.

Mantashe was briefing Parliament's Portfolio Committee on Mineral Resources earlier in the week, a day before Minister of Finance Tito Mboweni tabled his Medium-Term Budget Policy Statement and hours before Minister of Public Enterprises Pravin Gordhan released the long-awaited Eskom special paper. Government's electricity generation master plan, released in mid-October, states that the proportion of electricity generated by coal will decrease over the next 11 years, as new proposed wind power projects come online.

However, the Integrated Resource Plan still projects that 60% of SA electricity will still be generated from coal by 2030.

read full story @fin24.com