WELL, here we go again. As predicted by Spigot, the new bio-fuels gravy train is set to roll. Today's newspapers received the first largess in the form of quarter page adverts placed by the Department of Minerals and Energy which call for, wait for it, "Expressions of interest in subsidies for renewable energy projects in South Africa."
Oh boy! What a lot of lovely taxpayer lolly is being put up for grabs. How much, exactly, the DME is rather coy about, the only hint being the small revelation that " Project developers are … encouraged to submit their Expression of Interest as early as possible to facilitate interaction with the DME and to be eligible for support while funds are available."
Read the advertisement and weep, all you taxpayers. For along with this goes a brand-new outfit called the Renewable Energy Finance and Subsidy Office.
Was there ever a boondoggle so aptly named?
If bio-diesel and bio-ethanol are such great ideas, why the hell do they need subsidies? Or "interaction" with the DME?
Sasol was a money pit for the old regime. Mark Spigot's words; this is a new money pit for the new one.
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