You have to take into account the reality today, that we have a very tight fiscal environment. The extent to which you can rely on the national treasury to fund projects is not what it was five years ago.

Ompi Aphane

Categorized in : Energy

As it stands, it is difficult to finance coal fired power stations, because banks and lenders are also under environmental pressure, one of the mistakes we made in the past was that we extended the life-span of coal fired power stations that came to an end. That has now changed, you find that we might not necessarily extend its life when a plant comes to an end.

We are weaning ourselves from 90 percent reliance on coal, as it stands, it is difficult to finance coal fired power stations, because banks and lenders are also under environmental pressure.