Apr 03, 2008
Daily podcast - April 3, 2008Back
© Reuse this
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
State-owned electricity producer Eskom issued a shocking warning on Wednesday that it could be forced to cut back or even halt certain of its projects if it was unable to secure adequate revenues, which could only be achieved through a substantial increase in electricity tariffs, or material shareholder support.
The utility had requested that the National Energy Regulator of South Africa revise upwards the 14,2% tariff increase, which came into force on April 1, to 60%, in a bid to close the ever increasing gap between its rising operational costs and prevailing tariffs.
This suggestion had received an icy reception from the South African public at large, which was already reeling from the negative effects of ongoing load shedding.
Eskom Chief Operating Officer Brian Dames
It was now common cause that, while the utility continued to receive coal within its specified quality band, this supply had tended to migrate to the bottom end of a template that measures energy content, material abrasiveness, and acceptable levels of fine material.
This reduced quality, together with low levels of stock and unplanned events, such as boiler-tube leaks, had led to massive load losses and disruptions. In fact, at times, up to 25% of Eskom's generation capacity was simply unavailable, forcing the utility to deploy an unpopular load-shedding regime.
Eskom Chief Operating Officer Brian Dames
The leading financial daily revealed that the DME's decision had emerged, owing to the fact that the AES Corporation could not meet its obligations.
News of the termination came only a day after State-owned power utility Eskom said that it welcomed independent power producer participation, and that it was still optimistic that the AES facilities could be added to the grid by 2010.
Input cost rises to drive up steel prices, says Lakshmi Mittal
In political news:
Mugabe loses control of Zimbabwe parliament
That's a round up of news making headlines today. For more on these and other stories, visit engineeringnews.co.za, miningweekly.com and polity.org.za
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines (150 word limit)
Other Intellectual Property Law News
Pedestrian Door Solutions specialists, ASSA ABLOY Entrance Systems South Africa (Pty) Ltd., have supplied and installed a number of Besam entrance systems to medical facilities both in South Africa and outside the country’s borders that offer fast, convenient and...
Rubber-in-compression couplings, from Renold Hi-Tec, provide fail-safe operation on applications such as mine winders, hoists, draw-works on drilling rigs and industrial overhead cranes. The intrinsically fail-safe construction of the couplings protects both people...
Engineering, management and specialist technical services company Aurecon achieved a first in Tshwane in 2011 when its Lynnwood Bridge Office Park building, situated just off of the N1 highway, achieved a 4 star GreenStar SA – [Office Design v1, Office Design v1]...
Updated 1 hour 41 minutes ago Top aluminium producer United Company Rusal will start producing metal at its Boguchansk project, in Russia, by June and will ramp up output over the following year depending on demand, the company's chief executive said on Monday. Weak aluminium prices are forcing...
Updated 1 hour 44 minutes ago Dubal Holding, the holding company for Dubai's stake in Emirates Global Aluminium and other assets, is considering possible acquisitions in local and international energy projects, it said on Monday. The firm was looking for equity interests related to coal, solar,...
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.