SELCO

[just_another_bo]

Anybody checked out a company called SELCO? See they are in electricity and are looking at getting into feeding back into the grid for main stream SA consumption. Still only a cent or two. Will it be going anywhere?????? Comments please should I buy or not????

[SimonPB]

not

[#3]

The CEO has a diploma in Bank Credit Management and the FD is a oral hygenist. That should give you an idea!!

[sponono]

#NAME?

[Penny_Pincher]

And the chairman is a former ANC politician Brian Hlongwa. Think he was Gauteng MEC for Health.

[#6]

Simple fact is that under the NER regulations it is not possible to sell electricity back into the grid. IPP's (independent power producers) have battle with this for ages and the NER is determined not to allow it. So they can promise all they want but it would be illegal and no mechanism exists for it.

[SimonPB]

Eskom is starting to buy elec from third parties .. IPSA is selling power from their Newcastle plant into the Eskom grid ..

[#8]

this happens only in the case where there is a cogeneration agreement in place. NER regulations do not currently allow for independent power porducers.

[SimonPB]

yes no maybe .. but don't think anybody really cares about either selco or ipsa ..

[#10]

quite right....ceratinly the NER does not is a big failing of our electricity regime...comes from the old (some say apartheid) legacy of Eskom having a monopoly to produce power.In the US cogeneration and decentralised generation has been highly succesfull espicially in reducing the capital outlay of new genaration capicity as it is able to significant lower the peak capacity requirements of plants.