|South Africa Bets Big on Coal|
|by Tom McGregor||Sun, Jan 12, 2014, 08:07 PM|
South Africa plans to boost its rapidly developing economy by investing into major coal mining and coal power plants projects.
South Africa is reliant on coal. 85% of its electricity nationwide comes from coal power plants.
As reported by PennEnergy, "The report suggests that South Africa may need to invest up to $9 billion for the development of new coal mining operations to adequately supply the nation’s plants. Findings indicate that with increasing demand, a fuel shortage could be seen as early as 2015."
Eskom intends to invest over $50 billion until 2020 on coal power plants.
To read the entire article from PennEnergy, link here:
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