Germans plan $555 billion Africa solar project
The project, led by Munich Re, would use the energy from the Africa-based solar project to provide electricity to German households, Munich Re board member Torsten Jeworek said in an interview with Sueddeutsche Zeitung.
The consortium members plan to meet in Munich on July 13 to set up the group formally, he added.
He declined to give full details about members but said they include Siemens, RWE, Deutsche Bank, the German Economy Ministry and the Club of Rome, a non-government group based in Zurich.
"We want to start an initiative that would present concrete plans in two to three years time," Jeworek said.
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Customers on the hook for $5.5 billion in deferred BC Hydro operating costs: report
VICTORIA - Auditor General Carol Bellringer says BC Hydro has deferred $5.5 billion in expenses that it plans to recover from ratepayers in the future.
Bellringer focuses on the deferred expenses in a report on the public utility's use of rate-regulated accounting to control the prices it charges customers.
"As of March 31, 2018, BC Hydro reported a total net regulatory asset of $5.455 billion, which is what ratepayers owe," says the report. "BC Hydro expects to recover this from ratepayers in the future. For BC Hydro, this is an asset. For ratepayers, this is a debt."
She says rate-regulated…
