South African Court Blocks Eskom Signing Of $4.7 Bln Of Renewable Energy Deal

[damirUSBiH + 327]

A South African court has blocked state power utility Eskom from signing $4.7 billion of renewable energy deals throwing the fate of the long-delayed projects into doubt. Eskom, whose coal-fired power stations supply the bulk of South Africa's electricity needs, was due to sign 27 contracts with private sector producers. If approved, the projects - mostly solar and wind - should add 2,305 MW of green power to the national grid in Africa's most industrialised economy and create over 61,000 jobs.

[Pavel + 384]

By report from SA medias it could be political fight. South African groups loyal to ex-president block $4.7B renewable energy deal in court over coal sector job loss concerns. Over 80% of electric power in South Africa coal-generated; solar and wind push stalled 7 yrs. ago