Finance Minister Enoch Godongwana has withdrawn comments that Eskom should build more fossil fuel capacity. Godongwana says he was misunderstood. | News24_Business
Finance Minister Enoch Godongwana has withdrawn comments that Eskom should build more fossil fuel capacity.He was making an argument to explain that not fossil fuels and nuclear energy would not be phased out immediately.Finance Minister Enoch Godongwana says he was misunderstood on Monday when he was quoted saying that the conditions under which government would take over Eskom's debt were linked to the power utility building new coal, gas and nuclear plants.
"Minister Godongwana is fully committed to the government's Just Energy Transition framework and the balance it envisions of accelerating investment in new generation capacity while protecting the communities that will be worst-affected by the move away from coal and other fossil fuels," said the statement.
Interviewed on Monday at an event hosted by the SA Chamber of Commerce and Industry, Godongwana said:"There must be conditions precedent to make sure that Eskom makes certain undertakings before I take the full debt." While the government made commitments to an accelerated reduction of carbon emissions at COP26, frequent comments by the Minister of Mineral Resources and Energy Gwede Mantashe that SA must maximise its use of its coal resources have undermined confidence in SA's commitment.
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