serious lack of coal supply for eskom roadmap, page-2

Things that I like from this article.



1) THAT THERE IS A SERIOUS SUPPLY SHORTAGE IN SA OF COAL TO SUPPLY ESKOM!


2) “South Africa’s biggest challenge right now remains supply to Eskom over the next six years,”


3) “So there’s a huge challenge but also potentially a huge opportunity,”


4) The Waterberg, with far more than half of South Africa’s remaining coal resources, has to be accessed in order to meet the commitments.


5) Policy and legislation needs to be aligned attractively and there has to be clarity on carbon tax and the implications of declaring coal a strategic resource need to be woven into the amendments to the Minerals and Petroleum Resources Development Act.


6) Coal, Hall says, will remain one of the top two primary energy sources in the world until 2035.


7) Coal, despite the bad press, will remain the second-biggest primary energy after oil even in 2035, according to the International Energy Agency, and the largest source of electricity generation.


8) Seaborne trade patterns are expected to change between now and 2035 with India becoming the single-biggest seaborne coal importer in the medium term, which South Africa is well positioned to exploit.



Good luck to all that hold RES