Eco Minute 13:30

NEWSFLASH NEWS AGENCY 16 November 1:30 pm

Good afternoon, here is your Eco Minute:

# Eskom says it has managed to secure funding for the next three to four years to enable the implementation of transmission capital projects. The power utility has started executing grid expansion projects, 47 of which are at various stages of execution, and will help unlock 37 gigawats of new grid connection capacity. Eskom’s Transmission Development Plan indicates that around 53 gigawats of new generation capacity must be added to meet anticipated demand by 2032. The utility’s Leslie Naidoo says a challenge will be to determine where capital will be sourced beyond the next five years.

# President Cyril Ramaphosa says government is looking to companies from Qatar to partner with South Africa as it implements the Just Energy Transition Investment Plan. He participated in a business roundtable in Qatar yesterday. Ramaphosa says there are opportunities now for partnerships in renewable energy storage technologies, such as battery manufacturing for energy grid systems and electric vehicles. The president added that Qatar has the experience, technology and capital in the petrochemicals, natural gas and energy infrastructure:

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# And finally: Tshwane mayor Cilliers Brink announced the roll-out of the climate budget initiative in partnership with C40 Cities at the inaugural C40 Cities Political Leadership Masterclass on Climate Change Governance. He says they have been steadily working at the inclusion of climate considerations into the capital planning system. Brink says they will be linking the city’s emissions-reduction targets to actual projects, and ensuring that these are prioritised and form part of what will be known as the Tshwane Climate Budget.

Stay tuned for more news………….