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

Buyers tickled pink at their investment in Shailer Park

first_img10 Yeeda Court, Shailer ParkA BRIGHT pink architecturally designed home at Shailer Park has sold for $712,500.LJ Hooker Kenmore principal Julie Crittenden said the family that bought the contemporary home at 10 Yeeda Court knew from the moment they walked in that it would be theirs.“The people who bought it are a nice young family and they just loved it straight away – they just loved the style and the character,” Mrs Crittenden said. “A property like that is such a character home.”The two-storey house, which sits on a 1120sq m block, has a bright pink driveway and pink and white walls on the outside. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 202010 Yeeda Court, Shailer ParkInside, it is a modern marvel with splashes of colour.Mrs Crittenden said the design was unlike any other she has seen in the area.“It’s an interesting floorplan – it’s like two houses stuck together,” Mrs Crittenden said.“The home was designed specifically for that block.”Mrs Crittenden added that it generated a lot of interest but some people couldn’t move past the pink driveway.She said they managed to find the perfect buyers who were happy to call it theirs.last_img read more

Too much time between games could hinder Leicester, says Arsenal boss Arsene Wenger

first_img1 Arsene Wenger Arsene Wenger is happy with Arsenal’s hectic fixture schedule and hopes too much time to think in between games could be the downfall of leaders Leicester.The table-topping Foxes travel to the Emirates Stadium on Sunday five points clear at the Barclays Premier League summit – with the Gunners third, below fierce local rivals Tottenham.With no continental tournaments to worry about and having already been knocked out of the Capital One Cup and the FA Cup, many believe a less congested run-in could see Claudio Ranieri’s Leicester complete a most remarkable title success.But Wenger, whose side remain in the FA Cup – looking to win it for a third straight year – and have a Champions League last-16 clash with Barcelona on the horizon, believes too much time thinking about upcoming fixtures could be detrimental to a team.“Yes, time to think can be a disadvantage if you not are thinking in a positive way and the pressure is on,” he said. “It is true that sometimes the less time you have to wait for the next game, the better it is.“I believe they are still in a position where they think where they have nothing to lose. But once you are top of the league, you can also think about losing what you have.“That is where the nerves come in a little bit. I do not know how they will respond to that.”Some Leicester fans are planning to miss the first five minutes of Sunday’s noon kick-off in north London in protest to the late decision to switch the date of the match for television purposes.Arsenal supporters group REDaction has called on home fans to applaud Leicester’s efforts, but Wenger is keen to keep any protests away from the match itself.“You want everybody there when the game starts,” the Arsenal boss said when asked if he would be disappointed if fans came in late.“For me, the game is a joy and everyone has to be part of it. You can protest before and after, but during the game, you want everybody to be there.“It (a game of football) is a moment of happiness in your life. Life is not every day fantastic – sometimes it’s boring, sometimes it’s difficult for many people. Football is a moment of happiness in your life, so don’t miss it.”last_img read more

The Reel Life of Mr and Mrs Sambavam

first_imgYou can never really take the Kerala out of a Keralite, they say, no matter where they go. It is evident in the Malayalam web-series, Singappooram (Celebration in Singapore), in which the protagonist Sooraj asks for the delicacy pisang goreng at a shop because it reminds him of the deep-fried snack payamboli of Kerala. The entertaining web-series, made by Singapore-based technology professionals Sooraj Jayaraman and Ann Sooraj, details the life and nostalgia of Malayali expatriates in the country.Drawing heavily from their own experiences, the couple plays the protagonists, named Sooraj and Chinchumol.It didn’t quite start out that way. The first two episodes of Singappooram, of around two minutes each, were largely about the different stages of married life. Speaking to Little India, Jayaraman elaborates: “These two videos were very easy for a married couple to relate to and were widely accepted. After that we decided to take it forward, include more characters and develop a storyline that can be accepted by everyone without any age bar.”The gears of story being pushed up a notch are visible from the third episode, Thepu Patti, which clocked a little over eight minutes, and received over 33,000 views. The episode introduces Chinchumol’s cousin Ikru Mon who comes with an enormous bag full of goodies from Kerala, and Tittu, the family man who lives alone. With the fourth episode, Thallu Jeevitham, there was no looking back.Singappooram had arrived. There are running jokes that go through the entire series — Ikru Mon’s quest for chicken biryani, for example. In one of the numerous fourth wall-breaking moments in the web-series, Ikru Mon laments: “Does that mean I won’t get chicken biryani in this episode also?”There are times when Jayaraman addresses the cameraman and asks him to film in slow motion — the web-series is peppered with clever movie referenced jokes, and colorful recurring characters like Sooraj’s ex Mary Kutty, and true to Singapore’s multi-cultural vibe, the Japanese Mokoto.There have been nine episodes so far in the series, which has been uploaded on their YouTube channel, We are a Sambavam.The Deepika Padukone ConnectionThe channel was started in April 2015 with a spoof of Deepika Padukone’s “My Choice” video. After the spoof, the couple did a dubsmash compilation with popular Malayalam comedy dialogues of the ’80s, which got them some fame as the Sambavam couple. The two then did a video titled Premam Hangover, which was about the after-effects of the popular Malayalam movie, Premam. The video went viral instantaneously.“People started liking our chemistry and the simplistic comedy we had in our videos,” Jayaraman says.Juggling Work and Video ProductionSingappooram was conceived next. While most of the storylines are threads from the experiences in their or their friends’ lives, some of it is spontaneous. “When some thread strikes us, we discuss how we both feel about it. Within 30 minutes to 1 hour we decide whether to go ahead or not,” reveals Jayaraman, talking about how he writes the rough script during his lunch breaks, transit, etc. Ann helps to coordinate with the cast and crew. “I’ve developed a semi-automated spreadsheet application for this, which really helps in speeding up things and monitor the progress,” says Jayaraman.Since Jayaraman works as a director of a software company and Ann is an electronics engineer, they usually do the pre-production work during lunch breaks or after office hours and keep shooting for the weekends. “Once we had to shoot one of our episodes from midnight to 6am for four consecutive days,” Jayaraman recalls. “It was very tiring but I am thankful that everybody kept the same spirit and made it happen. Doing comedy when you are worn out is difficult, but we try to cheer each other up and try to keep it as fun as possible.”Being working professionals is not the only challenge they face. Neither of them is a trained filmmaker. The wide acceptance of their craft, however, prompted Jayaraman to learn video editing, color grading, and other technical aspects. “Internet was my only guru,” he says.Art Mirrors LifeJayaraman and Ann are as livewire off-screen as they are on-screen. In fact, an exaggerated version of their off-screen dynamic plays out in Singappooram. Before work took over, Jayaraman was an active blogger (I am a Sambavam, which later got changed to We are a Sambavam after their marriage), who was fascinated with how comedians could change the mood of people in an instant. Ann, on the other hand, is interested in singing, dancing and acting.The rewards of the web-series are high. They get recognized when they are in India and abroad, a feat that they say humbles them. Last year, people came up to them at Singapore airport when they went to drop their parents and handed them compliments in front of their family. They are not resting on their laurels though, says Jayaraman. “The ultimate goal is to make it to the big screen one day.” Related ItemsLittle IndiaMalayalam dubsmashMalayalam web seriesMalayali community SingaporeMr and Mrs SambavamMy wife my only choiceNRISambavamSingappooramSooraj and Annlast_img read more