The 34% interim electricity tariff increase submitted by Eskom would ensure that the power utility could guarantee the security of electricity supply, while it finalised its funding model by the end of September, CEO Jacob Maroga told public hearings held by the National Energy Regulator of South Africa (Nersa) on Monday. Maroga noted that when one moved from capital requirements of R11-billion to R104-billion in a five-year period, one needed to step back and reflect on how one would fund this. The utility had forecast a capital requirement of R87-billion for the 2009/10 financial year and R104-billion in the 2010/11 financial year. He said that the utility had managed to borrow close to its capital requirements for most years, but that from the 2008/9 financial year, the shortfall became significant.

Image taken on 2009-10-22 14:17:51 by wseltzer.

UN Global Warming Treaty Still Possible This Year, De Boer Says
March 31 (Bloomberg) — Last year’s climate change talks in Copenhagen came close enough to establishing a global warming treaty that an agreement is possible when negotiators meet again in Mexico at the end of this year, the United Nations diplomat leading the talks said.

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Image taken on 2009-12-08 09:32:24 by goldberg.

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