SA Energy Minister: “There is an Attack on Fossil Fuels”

Google+ Pinterest LinkedIn Tumblr +

Watch the full video

  • In a webinar hosted by ABSA bank this week, South Africa’s Mineral Resources and Energy Minister, Mr Gwede Mantashe said that fossil fuels are being attacked as a source of energy.
  • The Minister said that gas power hasย a role to play in South Africa’s energy transition.
  • ABSA has expressed keen interest in financing the three controversial Karpowership SA ย gas to power projects in South Africaโ€™s Risk Mitigation IPP Procurement Programme. Read moreย 
  • Karpowership SA recently won preferred bidder status for a total of 1220MW capacity for floating gas to power projects in three ports.
  • However their environmental impact assessments have been rejected. Read more

Hitting home his stance, Mantashe said “Our argument is that we are developing economy, we cannot pretend as if we are Germany.”ย Germany, unlike South Africa, has France as a neighbouring country which can provide it with nuclear power if needed. “We do not have France as a neighbour. We are a developing economy,” he said.

Related news: Nervous Money, LNG Projects Struggle to Raise Funding

“Our view is that, into the future, mixed technologies are our best option.” As coal is reduced, the country must use gas optimally and reintroduce nuclear, he added. A call for public comment is in process to build a new nuclear plant near Cape St Francis in the Eastern Cape. Read moreย 

Mantashe confirmed that the country was pinning hopes on sourcing gas from Mozambique. Total recently declared force majeur on their USD 25 billion liquified natural gas project in Alfungi, ย Mozambique. Read more ย 

A full video of the webinar is featured above.

Author: Bryan Groenendaal

Share.

Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.