No more govt support in the offing – Eskom

Engineering News 30 January 2013.

State-owned electricity utility Eskom reaffirmed on Wednesday that it had received no indication in ongoing consultations with government of its willingness to inject further equity into the business, or extend further guarantees to assist Eskom in funding its large-scale capital expenditure programme…

(Contributor’s note: This will anger Cosatu even more!)

More…

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Eskom seeks profit: Cosatu

Business Report 3 December 2012.

Johannesburg – It is clear that Eskom wants to operate like a private company whose main objective is to make more profit, Cosatu said on Monday.

Eskom’s call for the price of electricity to speedily be made cost-reflective was informed by its desire to “completely eliminate government support”, as it said in its Multi-Year Price Determination 2 (MYPD2) application, Congress of SA Trade Unions (Cosatu) spokesman Patrick Craven said.

“It wants to improve its ‘standalone’ credit rating within the MYPD 3 period,” he said…

More …

NUM blasts abandoned PBMR project

Engineering News 24 April 2012.

“We hated the PBMR because of its failure in Germany,” asserted the NUM national coordinator for energy Job Matsepe at the NUM Nuclear Workshop in Midrand (north of Johannesburg) on Tuesday. “At the NUM we are still anti-nuclear, because the PBMR was associated with nuclear.”…

http://www.engineeringnews.co.za/article/sa-mineworkers-union-blasts-abandoned-pbmr-project-2012-04-24

Cosatu hails signing of green accord

Business Day 18 November 2011.

Cosatu general secretary Zwelinzima Vavi welcomes the signing of the Green Economy Accord as a key stepping stone to achieving the objectives of the New Growth Path…

http://www.businessday.co.za/articles/Content.aspx?id=159044