Eskom to invest $21B in next five years and up to $84B by 2030
South Africa, Cape Town: South Africa’s electricity provider Eskom announced it will increase its investment to $21 billion over the next five years.
South Africa, Cape Town: South Africa’s electricity provider Eskom announced it will increase its investment to $21 billion over the next five years.
USA, South Carolina: A transformer at the Oconee nuclear power plant in South Carolina caught fire on Sunday 6 March, burning for about 30 minutes, but no nuclear material was in danger of being released, Reuters reports.
Saudi Arabia, Riyadh: Saudi Arabia will need to invest $133.3 billion in electricity projects over the next ten years to cope with rising power demand, according to Saudi Electricity and Water Minister, reports Reuters.
France, Paris: French group Schneider Electric plans to move production of its biggest-selling power transformers to Poland and cut as many as 170 domestic jobs, reports Reuters citing the French daily Les Echos.