ANGLO American plans to target carbon neutrality at its mining operations will bolster South Africa’s renewable electricity output and provide a major boost to private generation in the energy-starved nation.
Anglo and Electricite de France (EDF), which is controlled by the French government, have agreed to jointly develop on-site and off-site solar and wind farms with 3 000 to 5 000 megawatts of production capacity over the next decade, the companies said in a statement on Friday.
They also intend to establish storage facilities and help bolster local manufacturing.
South Africa depends on state-owned Eskom’s coal-fired plants for almost all of its electricity.
A government initiative to procure power from private producers initially gathered momentum after it was introduced in 2011 but then lost traction due to policy uncertainty and other delays. – news24.com