R/€ = 15.33Change: -0.01
R/$ = 14.43Change: 0.00
Au 1069.56 $/ozChange: 3.41
Pt 842.50 $/ozChange: 4.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

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 Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Feb 25, 2009

TWP submits three biowaste IPP energy projects to Eskom

TWP Holdings CEO Nigel Townshend tells Engineering News Online's Martin Creamer that TWP is proposing three independent power projects to Eskom. Video: Danie de Beer. Video Editor: Darlene Creamer.
© Reuse this

JSE-listed projects company TWP has submitted three independent power projects (IPPs) to Eskom for evaluation.

TWP Holdings CEO Nigel Townshend tells Engineering News Online that the company's initial IPP projects are being undertaken in association with timber producers and timber mills.

The biowaste-based IPPs, which will be for the own account of the cash-generative, debt-free traditionally mining-oriented TWP, will make use of the large volume of timber discard that arises in the timber milling.

"A tree has something like 60% waste," says Townshend, whose company has clinched agreements with timber producers in George, Knysna and Richards Bay.

The timber producers are an equity component of TWP's IPP offerings because they provide the feedstock.

"It's fairly small. We are looking at 7,5-MW power plants, which will cost about R120-million each, and that is our initial focus, but it's a green and environmentally friendly option and the power is produced at the ends of the national grid, which is where Eskom wants it produced," Townshend adds.

Importantly, the proposed projects are economically viable without any government assistance.

"We are led to believe that the cost under which the projects will be approved is R1,05/kWh, on a downward sliding scale, over a period of about eight years," says Townshend.

While it is fairly difficult to make a project pay under such a framework, Townshend believes that TWP can manage it with the timber-based projects, in which the timber biowaste is gasified with the gas then used to generate electricity.

"Our equity partner will be the actual timber supplier, so, to all intents and purposes, we are getting free feedstock," says Townshend.

Biowaste solutions earn significant carbon credits, which add to the viability of projects, and TWP, through TWP Investments under Dean Cunningham, has the skills to raise the necessary funding for the three IPPs, should Eskom give the go-ahead in March.

TWP is, in addition, working with solar companies intent on using their solar technology in power stations in South Africa and Botswana.

The company is studying solar array power and solar towers, which, Townshend says, are starting to look "quite attractive".

"The problem with any alternative energy sources at the moment, be it wind or solar or tidal, is that they are quite expensive. A long-term view has to be taken of them and the government needs to offer more incentive because the cost of the power is significantly more than coal-based projects.

"We are involved in 15 to 18 projects at the moment, most at early stage and some going into feasibility stage," he says.

The company's new energy division falls under TWP Projects CEO Digby Glover, who says that the company's new streamlined structure involves TWP Projects incorporating TWP Mining, TWP Process and TWP Energy, which will be able to tap into the group's expertise.

TWP is investigating options of bringing 1 000 TWP Projects staff together, on the same premises.


Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
Other Electricity News
The Nuclear Industry Association of South Africa (Niasa) is not sitting by idly while National Treasury and the Department of Energy mull over the various options for the country’s controversial 9 600 MW nuclear build programme. While Energy Minister Tina...
French President Francois Hollande
France will commit €2-billion towards boosting renewable energy in Africa before 2020, President Francois Hollande said on Tuesday. Hollande made the announcement after meeting with the heads of state from 12 African countries gathered at an international climate...
Local electronic equipment supplier Powertech has signed a R140-million deal to sell its Powertech Systems Integrators (PTSI) business to asset management firm Capitalworks. This would include all PTSIs operating assets and liabilities, including all client and...
Latest News
Construction company Murray & Roberts (M&R) on Tuesday said board members Mahlape Sello and Royden Vice would be excluded from any discussion and documents relating to the investigation of the October collapse of a support structure of a pedestrian bridge being built...
The Nuclear Industry Association of South Africa (Niasa) is not sitting by idly while National Treasury and the Department of Energy mull over the various options for the country’s controversial 9 600 MW nuclear build programme. While Energy Minister Tina...
While a resurgence in manufacturing in Africa has been popularly touted as the silver bullet that will accelerate the continent’s economic growth prospects, The Economist management editor and columnist Adrian Wooldridge has suggested that Africa’s industrial...
Recent Research Reports
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 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 infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
This Week's Magazine
The BMW Group will invest R6-billion at BMW Group South Africa’s (BMW SA’s) Rosslyn plant to produce the next-generation X3 sports-activity vehicle (SAV) for the local and export markets. Rosslyn will continue production of the current 3 Series through its lifecycle,...
The lack of consequences for poor performance and transgressions on the part of contractors remains a significant hurdle to tackling South Africa’s service delivery challenges, delegates heard at the Consulting Engineers South Africa Infrastructure Indaba, on...
City of Ekurhuleni executive mayor Mondli Gungubele earlier this month officially named the city’s bus rapid transit (BRT) system, Harambee.
NICK CHRISTODOULOU As about 58% of data stored by organisations is dark, they must identify this dark data to expose risks and valuable information
About 58% of unstructured data stored by companies is dark data, which means that the value or regulatory importance of the data has not been determined. Subsequently, most of the stored data add costs, rather than increasing revenue or reduce regulatory risks, says...
BRIAN VERWEY Effective management, review and administration of non-core elements can improve business operations and increase revenue and decrease unforeseen risks
Effective logistics, import/export and manufacturing consulting services require detailed industry knowledge and experience, but can add significant value to these industries by providing expert advice on various technical elements in their value chains, says...
Alert Close
Embed Code Close
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
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96