R40 billion plan to say goodbye to Eskom

gas power or power cuts

Mining companies in South Africa are considering spending as much as R40 billion to construct 2,000 megawatts of power generation capacity, said Roger Baxter, chief executive officer of Minerals Council South Africa.

Mining companies have been pushing to develop their own power plants because of persistent power cuts imposed by state power utility Eskom Holdings SOC Ltd.

They are also keen to move away from total reliance on the mainly coal-fired power supplied by Eskom as their investors pay more attention to climate issues.

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