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Given the challenges of financing major capital projects like power plants in the midst of the Great Recession, South Africa and the national utility, Eskom, have turned to the World Bank, the African Development Bank and the European Investment Bank for assistance in financing new electric power stations.
FORBES: Without Affordable, Clean Alternatives, South Africa Turns to Coal
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But the announcement on January 9th that the government is to encourage the building of nuclear-power stations is more electric: overdue, perhaps, but important and controversial (as well as right).
ECONOMIST: Bagehot
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The government has also begun to fear that freer prices mean higher prices, and that new power stations will be unable to compete with old hydro-electric plants, whose initial costs have long been written off.
ECONOMIST: Brazil's energy crisis