Investec CEO Fani Titi sceptical about fixing coal power plants
Titi criticises the government’s handling of the electricity debacle and says Eskom will struggle to source funding to extend the life of its ageing coal fleet
Eskom will struggle to source funding from major financial institutions to extend the life of its ageing coal fleet when there are viable cleaner energy alternatives, Investec CEO Fani Titi warned, as the power utility advised SA to brace itself for higher stages of load-shedding.
“There is in our minds no evidence at the moment to indicate this is the best course of action. The work that had been done by Eskom and other stakeholders had indicated that we can get much better funding to try to accelerate investment in renewables,” Titi told Business Day on Thursday...
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