News

Global advances in renewable energy sector should halt SA’s rush to nuclear

SA is once again on the cusp of another major electricity production decision. We had better get this one right. Mineral resources & energy minister Gwede Mantashe recently announced that the government is pressing ahead with a nuclear build programme for SA as early as 2024. This despite ample reported evidence that renewables, particularly solar, can be built both rapidly and cost effectively in incremental amounts up to the scale envisaged (2,500MW) to closely match any supply/demand curve.

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Egypt: African Development Bank approves 225 million euros budget support loan for electricity sector to bolster economic resilience and sustainability amid COVID-19

The Board of Directors of the African Development Bank (https://www.AfDB.org/) on Wednesday approved a 225 million euros loan to finance Egypt’s Electricity and Green Growth Support Program (EGGSP). The funding, provided in a challenging global context, will help meet the Government of Egypt’s financing requirements in the light of the COVID-19 pandemic, and support a sound electricity infrastructure base, a key enabler for the private sector and for the country’s competitiveness.

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