Photo by: Bloomberg
Extending the lifespan of South Africa’s coal-fired power plants is unlikely to attract investment, Standard Chartered warned earlier this month. CEO Kweku Bedu-Addo was quoted by Business Day as saying that investors want to avoid being trapped in stranded assets given the global shift away from fossil fuels. The move would also make it difficult to use sovereign bond sales to fund additional investment in Eskom, given that some arrangements can include so-called use-of-proceeds clauses. Photograph: Bloomberg