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Coal mining creates jobs says Bayoglu

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Vuslat Bayoglu, MD of South African based mining company Menar says that a drastic reduction of coal energy supply will come at a hefty cost for South Africa, as the country grapples to cope with growing poverty levels and record high unemployment. Image credit: Leon Louw for WhyAfrica

Coal mining creates jobs says Bayoglu  

A drastic reduction of coal energy supply will come at a hefty cost for South Africa, as the country grapples to cope with growing poverty levels and record high unemployment says Vuslat Bayoglu, MD of South African company Menar.

Bayoglu says that he is concerned about South Africa’s ability to afford an overhaul the power system to suit renewables, at a time when the GDP growth rate has dropped to 0.4%.

Bayoglu attended the Coal and Energy Transition Day conference held in Johannesburg, South Africa, on Tuesday.

“Amongst available baseload suppliers, hydrogen is rated at as the most expensive at an estimated cost of USD239 MWh, followed by nuclear power at USD225 MWh, while coal is about USD74 per MWh, gas is about USD94 MWh. Renewable energy is the most expensive resource,” says Bayoglu.

Coal mining will create employment (Coal mining creates jobs says Bayoglu)

According to Bayoglu South Africa’s priority should be closing the gap between rich and poor and providing jobs.

“Coal is the country’s third biggest employer in the mining sector with more than 90 000 employment opportunities already created. We have the potential to create more jobs through coal,” says Bayoglu.

He adds that solar panels are produced in China, and that South Africa does not produce wind turbines. “But when a coal mine is opened, we can employ between 400-800 people.”

Where is funding for JET? (Coal mining creates jobs says Bayoglu)

The Just Energy Transition (JET) plan states that R648-billion would be needed for the 2023-2027 period to integrate green energy resources and reduce coal usage.  Bayoglu says that it was not clear where the funds would come from.

“Despite the challenges coal’s resilient nature will see it evolve and maintain its position as a significant contributor to the world’s energy mix. Eskom needs to invest in clean coal technology through retrofitting or building power stations with carbon capture functionality to support reliable energy supply,” says Bayoglu.

Bayoglu emphasised that the government needs to enhance private sector involvement, cut the red tape, and take decisive action in resolving the Transnet challenges.

Coal mining creates jobs says Bayoglu  

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Coal mining creates jobs says Bayoglu  

 

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AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management