Marubeni says Thabametsi unaffected by group’s policy to halve coal capacity by 2030

Marubeni says Thabametsi unaffected by group’s policy to halve coal capacity by 2030 <www.engineeringnews.co.za/article/marubeni-says-thabametsi-unaffected-by-groups-policy-to-halve-coal-capacity-by-2030-2018-09-27>
Japan <www.engineeringnews.co.za/topic/japan>’s Marubeni Corporation <www.engineeringnews.co.za/topic/marubeni-corporation> reports that the development of the Thabametsi coal <www.engineeringnews.co.za/topic/coal>-fired power <www.engineeringnews.co.za/topic/power> station, in South Africa <www.engineeringnews.co.za/topic/south-africa>, has not been affected by the group’s September 18 policy decision to “no longer enter into any new coal <www.engineeringnews.co.za/topic/coal>-fired power <www.engineeringnews.co.za/topic/power> generation business <www.engineeringnews.co.za/topic/business>”.
As part of the policy change, Marubeni announced that it would halve its coal <www.engineeringnews.co.za/topic/coal>-fired power <www.engineeringnews.co.za/topic/power> net generation capacity of 3 GW by 2030 and would expand the ratio of power <www.engineeringnews.co.za/topic/power> generated from renewable energy <www.engineeringnews.co.za/topic/renewable-energy> from about 10% currently to 20% by 2023. Marubeni has total net power <www.engineeringnews.co.za/topic/power> generating capacity of about 12 GW worldwide.
In response to questions posed by *Engineering <www.engineeringnews.co.za/topic/engineering> News Online*regarding the possible implications of the policy decision on Thabametsi, Marubeni said the policy dealt only with “new” coal <www.engineeringnews.co.za/topic/coal>-fired power <www.engineeringnews.co.za/topic/power> generation, with the South African venture regarded as a “committed project <www.engineeringnews.co.za/topic/project>”.
“So the policy is not applicable to Thabametsi,” Marubeni said.