Apr 03, 2008
Daily podcast - April 3, 2008Back
Gold|Johannesburg|SECURITY|AES Corporation|Africa|CoAL|Eskom|Projects|Security|Turbines|Africa|Egypt|Kenya|South Africa|United States|Zambia|Zimbabwe|Security|Electricity Tariffs|Energy|Energy Content|Mining|Open Cycle Gas Turbines|Power Producer|Security|State-owned Electricity Producer|Steel|South Africa's Department Of Minerals And Energy|Brian Dames|Mugabe|Power|Security|Turbines
© 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
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
A controversial patent process known as ‘ever-greening’ is being carried out by many pharmaceutical brands, and is preventing medications from being made available as generics, affecting many South Africans who are struggling to keep up with the cost of medication....
It has been over six years since the government began developing the draft policy on intellectual property (IP) that has been the focus of major public controversy following the PharmaGate scandal, which involved a leaked pharmaceutical industry email by Knowledge...
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.