Nedbank funding about-face puts future of two new South Africa coal plants in doubt

first_imgNedbank funding about-face puts future of two new South Africa coal plants in doubt FacebookTwitterLinkedInEmailPrint分享Fin24:This decision fits with the banking group’s commitment to “green” funding, responsible lending and supporting sustainability initiatives. The bank says its initial proposal for funding the construction of the Thabametsi and Khanyisa independent power producers (IPPs) has lapsed and will not be renewed.This follows a corporate policy announced in early 2018 that the bank would no longer fund the construction of any new coal-fired power plants beyond its existing commitments to fund Thabametsi and Khanyisa, which were included as part of the new coal IPP programme in the South African Department of Energy’s draft integrated resource plan for electricity, Draft IRP 2018.The proposed Thabametsi 557 MW coal-fired power station, which would be largely owned by Japan’s Marubeni and South Korea’s Kepco, was planned to be built near Lephalale in Limpopo, while the Khanyisa 306 MW power station was to be sited near eMalahleni in Mpumalanga. The biggest shareholder of Khanyisa would be Saudi-owned Acwa Power.Nedbank says that it would prefer to offer financing for projects in energy efficiency and renewable energy, such as landfill gas, solar, hydro and wind projects. The bank says in its core business of lending and investing, it has a crucial role to play in transforming the economy and addressing climate change and that it seeks to “use [its] financial expertise to do good for individuals, businesses and society.”Nedbank’s announcement follows reports in September 2018 of Standard Bank’s withdrawal of financing the construction of coal-fired power. Currently, it appears that FirstRand, ABSA and the Development Bank of South Africa (DBSA) are still willing to offer funding for the Thabametsi and Khanyisa projects, but this may change. Nedbank and Standard Bank have followed the global trend of financial institutions refusing to fund the construction new coal-fired power plants.Funding is not the only challenge faced by the two new coal IPPs. Credible high court challenges (reviews of the environmental authorisations) are underway, and atmospheric emission licenses, water-use licenses and generation licenses for both projects are either outstanding or being challenged.More: Nedbank withdraws funding for new coal IPPslast_img read more

Rodgers: Balotelli going nowhere

first_img Rodgers said: “It’s not some thing that I have even thought about to be honest. We’ve had a lot of games this season in a lot of competitions. At this moment in time the key for me is trying to keep the squad together.” While Balotelli continues to struggle to find his feet at Anfield since his £16m move from AC Milan in the summer, Rodgers has been forced to juggle his forwards to find a combination which goes some way to fill the void left by the absence of Sturridge and the departed Luis Suarez. Raheem Sterling is currently the latest player leading the line and he performed admirably in that role again against Burnley on Boxing Day. His decisive strike on the hour took him to three goals in his last three matches, and Rodgers believes that he has a lot to offer in a position which he is quickly adapting to. “I think Raheem and anyone with that type of pace will always stretch teams and will always make defenders think,” he said. “He’s a different type and not your natural number nine. For me it’s more about the position than the player. For the team to function well, that pace in the team is very important for us.” Sterling is likely to be supported by both Phillipe Coutinho and Adam Lalanna when Swansea visit Anfield on Sunday. Rodgers was full of praise for the duo and the opportunities they have created for their team-mate -it was an inventive flick from the Brazilian which created the goal at Burnley. “I think that Adam and Philippe are playing in a role that suits them perfectly really. The key is obviously the work rate as well. They press the ball well, they work very, very hard.” Reports in the striker’s homeland have suggested that former club Inter Milan, where Balotelli rose to prominence, may be looking at a loan move for him in the new year in light of his poor start to life at Anfield. But Rodgers insists he has no plans to further weaken a forward line which is already lacking the injured Daniel Sturridge. There will be no route back to Italy for Mario Balotelli this January, according to Liverpool manager Brendan Rodgers. Press Association And Emre Can was another who received praise from Rodgers. “He played centre half in one of the games I took in last year to go and see him. He played at centre half in a 4-2-3-1. He’s got a big future hear at Anfield it’s just been curtailed a little since the summer when he was trying to gain his fitness,” he said. “He had an ankle issue that made him miss training and he was in and out. He’s got great athleticism and you saw in his presence on the pitch yesterday (against Burnley) that he’s an outstanding footballer. “He’s a very young player just acclimatising to the game over here. His favourite position is as a more defensive player even though I’ve played him in a more attack role because I’d like him to do more of that. “But he’s a player that if you asked him his profile it would be to sit and play in that defensive role where he can play and dictate the game and be physical in the duel. “Him coming on against Burnley gave us that assurance in possession and also that physicality when we didn’t have the ball. He’s someone I know can play in a number of positions and someone I know his influence will become greater as the season goes on.” last_img read more

Pellegrini unfazed by Kompany form

first_img “It can be for different reasons, whether it is physical or tactical, but that can change every week.” Regarding the summer, Pellegrini was unwilling to discuss what changes might take place at the Etihad Stadium. The 61-year-old, whose own future has been the subject of speculation, said: “We are just planning how to win at Crystal Palace on Monday. We are not talking about next season – nothing beyond the next game.” City have again been linked with Liverpool’s Raheem Sterling – a player Pellegrini recently suggested could be worth £100million – after the England international’s contract talks at Anfield apparently stalled. Pellegrini was not interested in discussing the reports. He said: “The other day I said just one English player but it doesn’t mean we are interested in (that) player. “I will not talk about rumours. We have so many rumours about so many players coming here that it is impossible to have so big a squad.” Key midfielder Yaya Toure is likely to return to the side at Selhurst Park after missing the 3-0 defeat of West Brom with an Achilles injury. Pellegrini said: “Yaya played both games for Ivory Coast so he doesn’t have any problems.” The defender’s difficult season took another turn for the worse as he was sent off playing for Belgium in midweek. That came after a series of indifferent performances and mistakes for City, some of which led to him being left on the bench for a game against Leicester last month. Pellegrini said: “I don’t worry about Vincent because I know him. He knows perfectly in the way he must play. “I don’t know about the sending off because I didn’t see it but I think he improved a lot with our team in the last game so I don’t worry about him. There are not any problems.” Kompany was at fault for a goal conceded in the loss at Liverpool on March 1 and his subsequent omission for the visit of Leicester fuelled reports of a dressing-room row with team-mate Fernandinho. The 28-year-old has been back in the side for the past three games but the scrutiny of his form – and that of several team-mates – has not eased. City now look unlikely to retain their Barclays Premier League crown and it has been claimed the club could be preparing to make major changes to the squad in the summer. One player under the microscope has been playmaker Samir Nasri, who was left out of the squad to face West Brom altogether last time out after a poor showing in the previous game at Barcelona. But Pellegrini, speaking at a press conference to preview Monday’s trip to Crystal Palace, played down the reasons for his absence. The Chilean said: “He is a player of our squad. In this moment we have the complete squad fit, so when you have the complete squad fit you must have two or three names out of the squad list in the next game. Press Association Manchester City manager Manuel Pellegrini has no concerns about captain Vincent Kompany’s form or state of mind.last_img read more

Transformers – Age of Extinction is playing at Wellington Regent

first_imgMovie Synopsis:TRANSFORMERS: AGE OF EXTINCTION begins after an epic battle left a great city torn, but with the world saved. As humanity picks up the pieces, a shadowy group reveals itself in an attempt to control the direction of history…while an ancient, powerful new menace sets Earth in its crosshairs. With help from a new cast of humans (led by Mark Wahlberg), Optimus Prime and the Autobots rise to meet their most fearsome challenge yet. In an incredible adventure, they are swept up in a war of good and evil, ultimately leading to a climactic battle across the world. (C) Paramount Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Million Ways to Die in the West.Follow us on Twitter. Rotten Tomatoes rating (movie critics collective approval ratings): 17%. Audience review: 56% approval.Movies ahead at Regent Theater: This week at the Regent Theater: “Transformers – Age of Extinction” (Movie trailer is below). Rated: PG-13 Time: 2 hours 45 min. When: Friday 7 p.m. Saturday, Sunday 2 p.m. and 7 p.m.last_img read more

On The Verge

first_imgTo be on the verge is like being poised on a narrow ledge. The potency can be gauged when we juxtapose that instant with what may or may not happen or what really does or does not happen. With hindsight we acknowledge how critical was the moment when we were struggling for breath and about to be snuffed out, when we were plummeting down in a plane momentarily gone berserk, or that instant when we were hurtling in a speeding uncontrollable car.There is the tragedy of being on the verge of success and failing, or the good fortune of being touched by failure and escaping its grasp — like a shower of droplets which dampen, but do not drench. These moments have to be savored or brooded over later, for, like trauma, the impact is a necessary corollary to what happened or didn’t.To have been so near and not arrived occasions grief and regret. Ironically, fruition brings euphoria, which swamps the memory of the tautness prior to success.A flower about to bloom has the purity and innocence of dawn, the vulnerability of a baby. Its unfurled head could have been wrenched from the stem or plucked to be gifted as a token of love. If it didn’t happen, it was followed by the flower’s lascivious flirtations with the wind.Being on the brink of comprehension is akin to daylight seeping out from under the skin of twilight to be stamped all over the earth.The position of stars, the mood of the powers , the minute the second, when on the verge of being born, charters the scale and quality of life.A baby about to emerge from the womb comes wrapped in the enigma of life. The first gasp and his tale unfurls as decreed by fate, his own actions in the future or by what you will. But it could have been strangled by its own umbilical cord. That one moment of uncertainty — when everything stood still, when it could have been this or that — can never be under-valued.Like waves building up a momentum, our thought processes, experiences, circumstances climax to that crucial moment before pronouncing a final decree.Words of love, anger revelation, regret come to the tip of the tongue are swallowed into oblivion or trip out with negative or positive results. But that instant, when on the verge of expression, is significant, because it is pregnant with possibilities. That crucial moment is like being propelled to the top by desperation, hopelessness, helplessness, love and hate and then mustering courage to jump from a height.So many tragedies and comedies stem from the one moment, which might ripen or go awry — a tragedy might be averted, a windfall might be lost.In meditation there is that one instant when you plunge deep down into yourself and reach the inner core; on the verge of sustaining it, a frivolous thought intervenes and frustrates the profound experience.Standing on the crossroads and deliberating on the direction to take is, in that instant, the potent creator of one’s fate. The choice made, one faces the music hummed out by that irretrievable moment.Ironically, we often value life, moments, people only on the verge of losing them.Ignored, forgotten is that one moment, when we are on the verge because it gets swept into a larger moment into which we fit the frame of our practical existence. Related Itemslast_img read more