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KPMG South Africa (@KPMG_SA) October 7,
2015In a media briefing before his speech on
Wednesday, Nene emphasised the need to invest in solving energy challenges for the country. With
R200-million reserved for this direction, he said South Africa had made good progress in powering
the nation, over and above the nuclear option. "We're not just looking at nuclear; we're looking at
the entire energy mix and nuclear is part of that energy mix and (the money) has been set aside to
support the preparatory work that has been done."Ultimately what the National Treasury and
Department of Energy would want to see is a situation where we are able to address our energy
challenge in totality."He named the opening of the first unit of Medupi and the ongoing success of
the Independent Power Producer programme, adding, though, that more still needed to be done to
ensure that South Africa had an adequate and reliable supply of energy to power a modern
economy.Another development was the government's alleviating of the pressure of Eskom's financial
position with a R23-billion equity investment financed from the sale of Vodacom shares. Additionally,
it was revising its integrated resource plan, which maps out the country's future energy mix,
including options for renewables, coal, gas and nuclear power."The state has built partnerships with
the private sector to address the electricity-supply gap, making additional capacity available through
the renewable energy programme. This initiative is being extended to include investment in baseload coal generation plants," Nene noted in his address to Parliament.Source:
SAnews.gov.za
http://www.southafrica.info/about/government/medium-term-budget-2015-231015.htm