subject: The Precious Opportunities Of Coal Investment [print this page] The global demand for energy is set to increase by 2% per annum between 2005 and 2030, with coal likely to account for the bulk of the increase in demand for energy. Coal deposits, unlike oil and gas, are widely distributed and they are not subject to geopolitical tensions. Coal does not require the high pressure pipelines that are costly to build and are maintained at an enormous cost.In South Africa the domestic demand for coal is set to increase sharply following the expansion programmes at Eskom and Sasol. Domestic coal consumption, which currently stands at approximately 190 million tones, is set to increase to approximately 250 million tones in the next two to ten years. Eskom is building two new power stations and it has recommissioned into service three others in order to meet the growing demand for electricity. Eskom will require approximately 200 million tones of coal per annum by 2013, up from the 140 million tones that the power utility is consuming currently. Sasol, which accounts for approximately 30% of the countrys transportation fuels requirements, is expanding the capacity of its Coal to Liquids plant in the Mpumalanga province.Zimbabwe, with the help of Botswana and Namibian governments, is refurbishing four thermal power stations that have been derelict for a number of years. An additional five million tones of coal will be required for these power stations. About 1,280 megawatts of electricity is expected to be produced from this refurbishment exercise. Zimbabwe Electricity Supply Authority (ZESA) is building a new thermal power station in Gokwe, Midlands province in a joint venture arrangement with Chinese companies that is expected to be commissioned in 2015.The Mmabula power station in Botswana is expected utilise approximately five million tonnes of coal per annum to produce approximately 1300 megawatts of electricity. This will improve the electricity supply situation in Botswana, whilst the remainder will be will be sold to Eskom. In Mozambique the Brazilian mining giant Vale, has been scouting for coal investment opportunities.Frost & Sullivan believes that all of these developments point to heightened demand for coal in Southern Africa and subsequently significantly increased coal mining activity.Wonder Nyanjowa is Frost & Sullivans metals & mining analyst.As the professional manufacturer of complete sets of mining machinery, such as Vibrating grizzly feeder,Flotation machine,Sand washer, Henan Hongxing is always doing the best in products and service.Stone production line:http://www.hx-china.com/33.html China mobile crusher:http://www.hxjqchina.com/product-list_21.html
by: maggie
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