Posts tagged as Thabametsi

FirstRand joins exodus of banks withdrawing funding of new coal-fired power plants in SA

. FirstRand Bank has joined the exodus of local banks that were funding new coal-fired power plants in South Africa, and in particular the Thabametsi and Khanyisa independent power producer (IPP) projects. These two projects are included in the draft integrated resource plan for electricity, Draft IRP 2018, for completion in 2023 and 2024. The […]

Nedbank withdraws funding for new coal IPPs

. Nedbank lived up to its slogan as the “green” bank in a decision to  withdraw its funding of two proposed new coal-fired power stations in South Africa, Thabametsi and Khanyisa. This decision fits with the banking group’s commitment to “green” funding, responsible lending and supporting sustainability initiatives. The bank says its initial proposal for […]

Funding of two new coal IPPs in South Africa under threat

International and local efforts to restrict funding for construction of new coal-fired power plants are gaining momentum, and threatening financial closure of the planned two new coal independent power producer projects in South Africa, Thabametsi and Khanyisa. In the latest development, it has been reliably learned that last week Standard Bank advised the director general […]

Thabametsi coal plant given go ahead despite staggering climate impacts

On 30 January 2018, Edna Molewa, the minister of environmental affairs, issued a long-awaited decision in relation to the environmental authorisation for the Thabametsi coal-fired power station. The Minister has decided that – despite the undisputed evidence of the significant climate impacts of the power station, and a landmark judgment of the High Court last year, […]

Thabametsi climate impact assessment reveals staggering greenhouse gas emissions

  The Department of Environmental Affairs (DEA) could be giving the go-ahead for what will be one of the most greenhouse gas (GHG) emission intensive coal-fired power stations, not only in South Africa, but in the world. Its GHG emissions are likely to be 60% higher than Eskom’s new Medupi and Kusile coal plants. This […]

Successful coal-based IPP bidders announced

  Tina Joematt-Pettersson, the minister of energy, has announced the successful bidders for the first coal-based independent power producer (IPP) programme. Coal is South Africa’s dominant energy source which provides 77% of the country’s energy needs. Environmental considerations and the increasing prevalence of extreme climate events compel the South African government to progressively reduce its […]