Gordhan seeks ‘delicate’ balance as OECD calls for steeper power hikes

Engineering News Online

05 March 2013

Finance Minister Pravin Gordhan openly disagreed with the Organisation for Economic Cooperation and Development’s (OECD’s) assessment that, notwithstanding a doubling in electricity prices since 2008, South Africa tariffs remained too low and needed to rise “substantially” to cover costs, reduce emissions and eliminate implicit coal subsidies.  Read more…

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