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HONG KONG (AP) — Chinese e-commerce giant Alibaba Group said Sunday that it will go public on a U.S. stock exchange in a move analysts say might raise up to $15 billion in the year's biggest initial public offering.
By Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) - On paper, South Africa's long-term energy plans look solid, with coal, nuclear, gas and renewables all viable options. But none are likely to prevent potentially crippling future power crunches in Africa's biggest economy unless a decision is made soon on when and how to add capacity to the grid. South Africa's failure to invest in new power plants nearly two decades ago meant it paid dearly in 2008 when the grid nearly collapsed, leading to power cuts that cost the economy billions of rand in lost output and dented investor confidence. State-owned power utility Eskom is scrambling to finish new power plants, including Medupi and Kusile, massive coal-fired outfits with a combined capacity of about 9,500 megawatts (MW).