Cape Town, South Africa — 29 May 2012 – South African state-owned logistics group Transnet expects the quantity of coal transported along its lines to triple to 30Mtpa within seven years to meet demand at coal-fired power stations.
“Indications are that the demand for the transportation of coal to Eskom’s power stations will grow from 7Mtpa currently to 30Mt by 2019,” Transnet said here in a submission to parliament.
Transnet is spending billions of dollars to upgrade its rail haulage system, where years of underinvestment has been blamed for constraining exports of key commodities, including coal, iron ore and manganese.
Transnet said it also expected to transport at least 73Mt of coal through the Richards Bay Coal Terminal in the current financial year to the end of March “’ up from 68Mt in the last financial year.
Source: Reuters. For more information, click here.