http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.09Change: -0.10
R/$ = 10.74Change: -0.08
Au 1266.95 $/ozChange: -20.23
Pt 1412.00 $/ozChange: -12.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 23, 2011

R66m for new energy-efficiency R&D institute, R800m for green economy

Back
Cape Town|Africa|Eskom|Africa|South Africa|South African Energy Development Institute|Electricity Consumption|Electricity Consumption Patterns|Energy|Energy-efficiency Technologies|Material Demand Management|Power|Pravin Gordhan|The Budget Review|Energy-efficiency Technologies
|Africa|Eskom|Africa|||Energy||Power|||
cape-town|africa-company|eskom|africa|south-africa|south-african-energy-development-institute|electricity-consumption|electricity-consumption-patterns|energy|energy-efficiency-technologies-industry-term|material-demand-management|power|pravin-gordhan|the-budget-review|energyefficiency-technologies
© Reuse this



Government set aside R66,5-million in its 2011 Budget for the establishment of the ‘South African Energy Development Institute’, which will conduct research and development (R&D) into energy-efficiency technologies and solutions.

The initiative is designed to reduce “wasteful” electricity consumption patterns, as well as South Africa’s carbon usage.

Funding for the institute forms part of a larger additional allocation to the
Department of Energy of R369,7-million to support demand reduction, which will be disbursed over the three-year expenditure period from April 1, 2011, to March 31, 2014.

South Africa is a facing a “tight” power balance over the coming two years, with Eskom projecting that, in the absence of material demand management and private generation interventions, there could be a 9 TWh shortfall – the equivalent of Cape Town’s electricity consumption over a period of a year.

“Research and development conducted by this institute will support energy-efficiency objectives pioneered through the electricity demand-side management grant, which is scheduled to come to an end at the end of 2011/12,” the Budget Review states.

Finance Minister Pravin Gordhan also confirmed the funding of R800-million “green economy” initiatives, but said specific allocations will be made in the ‘Adjustments Budget’.

The emerging New Growth Path, which seeks to generate five-million jobs by 2020, has also emphasised promoting innovation through “green economy” initiatives.

But the Budget Review notes that expenditure on energy will be markedly lower over the Medium Term Expenditure Framework period in comparison with preceding years, owing to the fact that the final tranche of the Eskom R60-billion subordinated loan was paid in 2010/11.

Gordhan made no mention of a further R20-billion equity injection for Eskom, which he announced last year, when unveiling an increase in guarantees to the utility from R176-billion to R350-billion.

Instead, the review states that medium-term spending will focus on universal access to electricity through the integrated national electrification programme, which will grow to R3,2-billion in 2013/14.
 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Macro and Micro News
Key players in South Africa’s tourism industry say the country’s new immigration rules, which came into effect in May, could damage the country’s tourism sector. The regulations require that visa applications be made in person so that biometric data can be...
LUSAPHO NJENGE New services include accessing information on incentives available to SMEs and market information to support their growth and access to information
The performance of government and the services it and development agencies provide can significantly improve the establishment and growth of small and medium-sized enterprises (SMEs), according to SME Survey 2014. The threat of crime is the main concern of SMEs, with...
Sacci CEO Neren Rau
The South African Chamber of Commerce and Industry (Sacci) would engage with Home Affairs director-general Mkuseli Apleni “as a matter of urgency to apprise him of the unintended consequences” of South Africa’s new immigration regulations, CEO Neren Rau said on...
More
 
 
Latest News
Professor John Briscoe
Updated 13 minutes ago Global leaders are gathering in Stockholm, Sweden, this week for the twenty-fourth annual World Water Week, at which South African native Professor John Briscoe will on Thursday be awarded the Stockholm Water Prize from King Carl XVI Gustaf of Sweden at a ceremony in...
Updated 17 minutes ago Despite being Africa’s economic powerhouse, South Africa has fallen behind in terms of the number of people per 100 that have access to fixed and mobile broadband, Saab Grintek Technologies CTO Suraj Ramlall said on Tuesday. Broadband in South Africa was generally...
Updated 26 minutes ago Some of the best innovations worldwide had been conceptualised and delivered during or immediately following a recessionary period, Internet Solutions MD Saki Missaikos said on Tuesday. Speaking at the Southern Africa Telecommunication Networks and Applications...
More
 
 
Recent Research Reports
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...
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.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks