SOUTH AFRICA: ESKOM COAL PLANTS MIGHT BE AT RISK

Eskom might face difficulties in raising funds for its coal-fired projects in future if environmental organisations kept challenging decisions to fund coal plants, Econometrix’s chief economist, Azar Jammine, said. Jammine was reacting to the release of a report by the World Bank on Friday, which showed that water and environmental concerns regarding the coal-fired Medupi power plant were valid. The World Bank’s inspection report shows that significant environmental, social and climate impacts were not adequately addressed by the bank when it awarded a $3.75 billion (R31bn) loan to Eskom for the construction of Medupi.

http://www.pambazuka.org/en/category/environment/82565

 

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