Your basket | Disclaimer | Privacy Policy | Site Map |
  GMT + 2
Confidential offshore company formation services. Low-cost offshore corporation and management. Offshore corporate structuring and tax planning. Incorporation of companies in all offshore jurisdictions.
Russian  English
 
Pay for Services
Advertize with DeltaQuest
Become a Member
Member Login
    Home About us Offshore Services Form a Company FAQ How to start? Offshore Database Jurisdictions Directory Downloads Business News AML Policy Contact Us
<< back to news

  S Africa plans to stop blackouts

 

BBC News

A massive investment in new energy in South Africa is needed to prevent more power cuts, according to a senior government minister.

The Public Enterprises minister, Alec Erwin said that new power stations must be built, some of them nuclear.

An investment of at least 1 trillion rand (£72bn) was needed to secure a reliable electricity supply, he said.

An above-average demand for electricity and a lack of investment has led to an energy shortage in the country.

He acknowledged that the recent supply problems and blackouts had become familiar challenges in South Africa.

Global shortage

However, he said the energy crisis was a global problem, with many countries struggling to attract investment for renewable energy and a global shortage of power-generating infrastructure.

The building programme in South Africa will take over eighteen years to complete, with two new power stations due to open in 2012 and 2013.

The programme aims to add 40,000 MEW to South Africa's generating capacity, with half coming from nuclear power.

In the meantime Mr Erwin made a call for greater energy-saving initiatives to reduce demand, and said it was important for South Africans to make a real effort to reduce their electricity use.

'There is no quick fix,' he said, 'but we can alleviate the problem with energy efficiency.'

<< back to news


to the top

Latest business news

  date: 5.01.2009
    China's retail sales up 13% during three-day New Year holiday

  date: 5.01.2009
    A darker view of the Chinese economic 'miracle'

  date: 5.01.2009
    Woolworths lenders make millions in penalty fees

  date: 5.01.2009
    Obama plan includes $300 billion in tax cuts

  date: 5.01.2009
    Retraining, not bail-outs

©2005-2009 The DeltaQuest Group. All Rights Reserved. Developed and maintained by mmVirtual

About us | FAQ | How to start? | Contact Us | Pay for Services | AML Policy | References | Offshore Services | Offshore and Tax Knowledge Database | Form a Company | Offshore Database | Jurisdictions Directory | Downloads | Business News | Become a Member | Site Map | Registration of Offshore Companies & Trusts | Tax Planning and Asset Protection | Legal Advise and Representation | Patent and Trademark Registration | Advertize with DeltaQuest | www.myoffshoreaccounts.com | www.myyachtregistration.com | www.mydeltaquest.com | About DelaQuest | About offshore |