Powerships could supply cheaper electricity to SA in two months - Patrick O'Driscoll

Loading player...
Loadshedding has returned for the first time since March this year to South Africa bringing an end to a period of stable power supply because of reduced demand during the Covid-19 lockdown. State utility, Eskom has told Reuters that it cannot say how long the new round of power cuts will last. But could the Department of Mineral Resources and Energy's plan to procure electricity from independent producers be a quicker solution to the Eskom problem?  One of the applications from an independent power supplier is from a power ship electricity supplier Karpowership. Spokesperson Patrick O'Driscoll tells BizNews that power ships could be in place on the South African coastline in months with cheaper electricity. Meanwhile Thomas Garner, the Chair of South African Independent Power Producers Association, has accused the government of dragging its feet on independent power suppliers and says Minister Gwede Mantashe appears to be anti-renewables. - Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
16 Jul 2020 12AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min