A World Bank Group-funded effort to increase train access to a power plant in South Africa’s coal-rich region has started to significantly backslide as criminals target the country’s rail system. Moneyweb SACoal
A World Bank Group-funded effort to increase train access to a power plant in South Africa’s coal-rich region has started to significantly backslide as criminals target the country’s rail system. Development of a 68-kilometre route between Ermelo, east of Johannesburg, and Eskom’s Majuba power station started over a decade ago to replace the continuous flow of trucks delivering coal to the plant.
Out of a total cost of $402 million for the Majuba project, Eskom contributed $132 million in financing and the World Bank loaned $270 million, which the bank said is currently in repayment. With aspects of the broader project still underway, some weak points have already emerged. Eskom’s narrowing market share will hit the utility financially, an EISP report found, and poor performance at the Majuba station has already reduced the amount of coal the plant consumes.
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