Share

Time to fast-track Medupi

Cape Town - As Eskom battles to keep the lights on, progress at the Medupi power station must accelerated, said President Jacob Zuma in his State of the Nation Address on Tuesday night.

Zuma said the country's energy sector needs "radical transformation" to develop a sustainable energy mix that comprises coal, solar, wind, hydro, gas and nuclear energy.

"We need to respond decisively to the country’s energy constraints in order to create a conducive environment for growth."

"Progress at Medupi power station construction site will be accelerated," he said.

He added that plans on the financing of the next large coal fired power station, Coal 3, will be speeded up so that the procurement process can commence.

Zuma announced that a sub-committee will be formed to focus on the energy sector.

"The sub-committee will also ensure that Eskom receives the support it requires to fulfil its mandate and that it remains focused on achieving its goals and targets."
 
Zuma also touched on developing nuclear power and exploiting shale gas reserves.

"Work needs to be done at a technical level on all forms of energy, especially nuclear energy and shale gas, with regards to funding, safety, exploitation and local manufacture of components.

"Nuclear has the possibility of generating well over 9 000 MW, while shale gas is recognised as a game-changer for our economy."

Just ahead of Zuma's address, Eskom announced that it entered Stage 1 of load shedding, after warning of extremely tight power supply.

The parastal warned that it anticipates a severe winter as demand for electricity usually mounts during temperatures drop.

 - Fin24
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.2%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
910.50
+1.5%
Palladium
1,011.50
+1.0%
Gold
2,221.35
+1.2%
Silver
24.87
+0.9%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders