Mining News

Eskom CEO sees end to crisis in shift from coal

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South African state power utility Eskom sees an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, its chief executive told Reuters. Eskom has implemented power cuts for more than a decade in Africa’s most industrialised nation that have held back economic growth and deterred investment. It has roughly R400-billion of debt that it services through regular government bailouts.

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