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Coal & Diesel News

GE Power expects to build a renewables ‘ecosystem’ in South Africa as electricity mix transitions

By: Terence Creamer     16th February 2018 The global head of GE Power says the group anticipates that South Africa’s future electricity mix will incorporate higher contributions from wind and solar and that its South African unit, which currently has a strong coal focus, will “pivot and adjust” its skills and localisation strategies... 

Eskom's Matshela Koko submits letter of resignation

By: News24Wire      16th February 2018 Controversial top Eskom executive Matshela Koko submitted his resignation on Friday, but did not admit to any guilt.   This came out at his second disciplinary hearing, currently taking place in Sandton. 

Eskom's Matshela Koko submits letter of resignation
Photo by Duane Daws
Eskom Executive Matshela Koko

Growing need to fuel power demand in Africa

By: Simone Liedtke     16th February 2018 Energy transformation in Africa is necessary to ensure that the 600-million people on the continent who do not have access to energy gain access, says regional event Africa Energy Indaba (AEI) MD Liz Hart, who adds that the growing population and need for African industrialisation will continue... 

Growing need to fuel power  demand in Africa
LIZ HART The growing population and need for African industrialisation will continue to fuel the demand for power

Kibo, Tanesco sign MoU

By: Simone Liedtke     14th February 2018 Africa-focused energy and resource company Kibo Mining has signed a memorandum of understanding (MoU) with the Tanzania Electric Supply Company (Tanesco) as a precursor to the finalisation of a power Purchase Agreement (PPA) for the Mbeya coal-to-power project (MCPP). The PPA is expected to be... 

Oracle Power gets approval for next step in coal, power plant development

By: Megan van Wyngaardt     12th February 2018 The Private Power and Infrastructure Board (PPIB) of Pakistan has approved the issue of notice to proceed (NTP) and letter of intent (LoI) for a coal mine and mine-mouth power plant in Block VI of the Thar desert, UK-based Oracle Power reported on Monday. The project is being developed in a... 

New CEO must position Eskom for ‘evolving energy markets and technologies’

By: Terence Creamer     12th February 2018 The newspaper advertisement calling for applications for the positions of CEO and CFO at State-owned power utility Eskom includes definite signs of the reforms that the newly appointed board is aiming to implement at the beleaguered organisation. The advertisement calls on appropriately qualified... 

New CEO must position Eskom for ‘evolving energy markets and technologies’
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

Editorial: Is Eskom loan a case of good money after bad?

By: Terence Creamer     8th February 2018 It seems an eternity since there has been anything to be excited about when it comes to South Africa’s most important, and most embattled, State-owned company (SoC), Eskom. Since 2008, the business has lurched from supply crunch to wet-coal chaos, from funding crisis to construction confusion,... 

Editorial: Is Eskom loan a case of good money after bad?

Criminal charges laid against Molefe over R30m pension payout

By: African News Agency      6th February 2018 Trade union Solidarity on Tuesday laid criminal charges against embattled former Eskom chief executive Brian Molefe and former Eskom board chairperson Ben Ngubane over the R30-million pension awarded to Molefe when he left the struggling state-owned power utility. “The charges focus specifically... 

Coal opponents prepare for yet another court battle over Thabametsi power project

By: Terence Creamer     6th February 2018 Civil society organisations opposing the development of new coal-fired power generation capacity in South Africa say they will again approach the courts to challenge the latest environmental authorisation granted for the 557 MW Thabametsi coal-fired power station project, proposed for development... 

Coal opponents prepare for yet another court battle over Thabametsi power project

PIC advances R5bn bridging loan to fund Eskom through February

By: Terence Creamer     5th February 2018 The Public Investment Corporation (PIC) announced on Monday that it is advancing R5-billion to cash-strapped power utility Eskom in the form of bridging finance to fund the company’s operations during February. The one-month loan, which has been advanced on behalf of the Government Employees... 

PIC advances R5bn bridging loan to fund Eskom through February

Eskom expects to sign emergency funding deals in ‘day or two’ 

By: Terence Creamer     1st February 2018 Cash-strapped State-owned power utility Eskom confirmed on Thursday that its negotiations with funders to meet immediate debt-repayment obligations were at an advanced stage and that it expected to sign-off on the deals “in a day or two”. Eskom acting CEO Phakamani Hadebe revealed this week that... 

Eskom expects to sign emergency funding deals in ‘day or two’
Eskom chairperson Jabu Mabuza and acting CEO Phakamani Hadebe on the options being considered to improve the group's capital structure. Camera work & editing Darlene Creamer.

Eskom sees opportunity for emerging coal miners to improve utility’s security of supply, logistics

By: Mia Breytenbach     1st February 2018 State-owned power utility Eskom’s demand for about 750-million tonnes of coal between now and about 2040, has seen the utility identify opportunities arising for emerging coal miners in respect of two of its strategic objectives – the security of supply and logistics optimisation. Speaking at the... 

Koko‏ suspended from Eskom

By: African News Agency      1st February 2018 Eskom's head of generation Matshela Koko on Wednesday, confirmed that he was suspended from South Africa's power utility. "I have since this evening received a confirmation of my suspension from Eskom. I have been served with new charges. I welcome these developments and once again look forward... 

Former Eskom boss Brian Molefe plans to appeal court order to repay pension benefits

By: African News Agency      31st January 2018 The former boss of state power utility Eskom, Brian Molefe, is seeking leave to appeal a high court order compelling him to repay a pension payout it said he was not entitled to.  

Former Eskom boss Brian Molefe plans to appeal court order to repay pension benefits
Photo by Duane Daws
Brian Molefe

Eskom looking beyond shareholder to tackle ‘unsustainable’ capital structure 

By: Terence Creamer     30th January 2018 Having secured “in principle” commitments from funders to enable Eskom to meet looming debt obligations of R20-billion by the end of February, the new leadership at the power utility has started weighing various options, including asset sales, for shoring up the group’s fragile balance sheet.... 

Eskom looking beyond shareholder to tackle ‘unsustainable’ capital structure
Newly appointed Eskom chairperson Jabu Mabuza and acting CEO Phakamani Hadebe speak on governance, sustainability and Eskom’s immediate liquidity challenge. Camera Work & Editing: Darlene Creamer. Recorded:30.1.2018

AfDB renews commitment to connect 29.3m Africans to electricity grids

By: Megan van Wyngaardt     30th January 2018 The African Development Bank (AfDB) plans to provide 29.3-million people on the continent with access to electricity by 2020. Speaking during meetings of the United Nations Economic Commission for Africa, in Addis Ababa, at the weekend, AfDB president Akinwumi Adesina pledged support for the New... 

AfDB renews commitment to connect 29.3m Africans to electricity grids

Eskom H1 profits down 34%, new board aims to stabilise firm

By: Reuters     30th January 2018 South African State-run power utility Eskom said on Tuesday interim profits were down 34% to R6-billion ($504-million) on the back of declining sales and higher finance costs. Eskom, which has been embroiled in a governance crisis and allegations of undue influence in awarding tenders, said in a... 

Eskom H1 profits down 34%, new board aims to stabilise firm

Brown says boards of State-owned enterprises must shape up 

By: African News Agency      30th January 2018 Embattled Public Enterprises Minister Lynne Brown on Tuesday told MPs she expected the boards of South Africa's corruption-stricken, cash-strapped parastatals to perform or be replaced. "The message to the boards of all SOCs is that they must shape up or ship out. If they are unable to instill... 

Brown says boards of State-owned enterprises must shape up
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Botswana power plant expansion plan stalls over terms 

By: Reuters     29th January 2018 A planned $800-million expansion of a coal-fired power plant in Botswana by Japan's Marubeni Corp and South Korea's Posco Energy has been put on hold due to a disagreement over terms, the energy minister said on Monday. Marubeni and Posco Energy were due to start work in January last year on a... 

Anglo to sell New Largo assets to Seriti, partners for R850m

By: Anine Kilian     29th January 2018 LSE- and JSE-listed Anglo American is making further progress with its strategy of disposing of its Eskom-tied coal assets, announcing on Monday that it will sell its New Largo thermal coal assets, which are owned by its 73%-held subsidiary Anglo American Inyosi Coal, to New Largo Coal, for... 

Anglo to sell New Largo assets to Seriti, partners for R850m
Norman Mbazima

Efficient boiler inspection saves downtime at power station

By: Robyn Wilkinson     26th January 2018 Inspection and certification services provider TÜV SÜD South Africa’s successful completion of an outage inspection project at State-owned power utility Eskom’s Medupi Unit 5 has ensured that the power station’s boiler meets the highest standards in terms of quality and safety. 

Efficient boiler inspection saves downtime at power station
ENSURING GOOD FUNCTION The detection of wear and damages plays a key role in preventing costly equipment failures

Natural gas boilers offer hidden benefits

By: Robyn Wilkinson     26th January 2018 The benefits of natural gas as fuel for boilers in industrial processes are too often overlooked by companies who continue to favour traditional coal-fired boilers, which they erroneously believe to be a more cost-effective option, says oil, gas boiler and burner specialist Combustion Technology... 

Natural gas boilers offer hidden benefits
Photo by Reuters
ALTERNATIVE OPTIONS While coal appears to be the more cost-effective boiler fuel option, there are a number of overlooked benefits of natural gas, which must be considered in cost calculations

Boiler supplier secures largest order in 30 years

     26th January 2018 Boiler supplier Dryden Combustion has experienced significant growth since it was acquired by energy solutions provider Energy Partners at the end of 2016, with the successful synergy between the companies enabling Dryden to secure the largest single order in its 30-year history last year. 

Boiler supplier secures largest order in 30 years
MAKING PROGRESS The shell of the first of four new 10 t/h coal-fired steam boilers is complete, with the project on schedule for hand over to the client in October

Prish Govender quits SAfrica's Eskom

By: African News Agency      24th January 2018 Eskom's acting head of group capital Prish Govender resigned on Tuesday, South Africa's power utility said. Eskom spokesperson Khulu Phasiwe first Tweeted, and later confirmed the news on the phone that Govender had left the embattled power utility with immediate effect. 

Former Eskom CFO Singh accused of lying and stonewalling at inquiry

By: African News Agency      24th January 2018 Former Eskom chief financial officer Anoj Singh was accused of lying about who paid for his travels to Dubai and ducking questions about suspect transactions he approved in his testimony before the parliamentary inquiry into the power utility on Tuesday. After more than four hours of questions... 

I can start State capture inquiry as soon as Zuma gives me terms of reference – Judge Zondo

By: News24Wire      23rd January 2018 Deputy Chief Justice Raymond Zondo, who will chair the commission of inquiry into allegations of State capture, says he is ready to get going, but still needs to receive the terms of reference from President Jacob Zuma. During a press briefing in Midrand on Tuesday, Justice Zondo told reporters... 

Nersa to host hearings into R66.6bn Eskom claw-back applications in May

By: Terence Creamer     23rd January 2018 The National Energy Regulator of South Africa (Nersa) will hold public hearings across all of South Africa’s nine provinces between May 7 and May 25 to consider three revenue claw-back applications, collectively valued at R66.6-billion, submitted by cash-strapped power utility Eskom. The... 

Nersa to host hearings into R66.6bn Eskom claw-back applications in May

Suspended Eskom CFO resigns

By: African News Agency      23rd January 2018 Suspended Eskom chief financial officer (CFO), Anoj Singh, resigned on Monday, South Africa's power utility said. "Eskom has today [on Monday] received, through Mr Anoj Singh’s attorneys, a formal letter of resignation by Mr Singh from his position as the Chief Financial Officer, in line with the... 

Suspended Eskom CFO resigns
Photo by Duane Daws
Former Eskom CFO Anoj Singh

Industry confident Eskom board changes will help save utility

By: Megan van Wyngaardt     22nd January 2018 The appointment of a new Eskom board with “credibility, business acumen and experience” has given South African businesses hope that the embattled State-owned entity (SOE) can be salvaged, with a number of organisations lauding Deputy President Cyril Ramaphosa for taking a step in the right... 

Industry confident Eskom board changes will help save utility

New Eskom board will provide 'comfort' to markets – Phasiwe

By: News24Wire      22nd January 2018 The newly appointed Eskom board will provide the reassurance markets have been seeking around issues of corporate governance at the power utility, said spokesperson Khulu Phasiwe. Speaking to Fin24 by phone on Monday, Phasiwe explained Eskom and Treasury would be approaching financial... 

Business welcomes government’s 'commitment' to restore confidence with new Eskom board

By: News24Wire      22nd January 2018 Business leaders have welcomed the appointment of Eskom’s new board as a sign that there is political will to restore confidence in state-owned enterprises. Government announced on Saturday that Telkom chairperson Jabu Mabuza will chair Eskom’s board as part of a host of measures to “stabilise... 

Eskom board had to be fast tracked – Brown

By: News24Wire      22nd January 2018 The new Eskom board had to be fast tracked because the parastatal is in a precarious financial position, Minister of Public Enterprises Lynne Brown has said. “Fast-tracking the appointment of Eskom’s new Board was [necessitated] by the company’s precarious liquidity position and the previous... 

Eskom board had to be fast tracked – Brown
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

South Africa names Jabu Mabuza as Eskom chair in board shake-up

By: Reuters     20th January 2018   South Africa’s Deputy President Cyril Ramaphosa has appointed a new board at state-owned power utility Eskom and named Telkom’s chairman Jabu Mabuza as its new chairman, the country’s presidency said on Saturday. 

South Africa names Jabu Mabuza as Eskom chair in board shake-up
Photo by Duane Daws
Jabu Mabuza

African Energy to delist from Botswana exchange

By: Megan van Wyngaardt     19th January 2018 ASX-lsited African Energy Resources (AER) on Friday said it would delist from the Botswana Stock Exchange (BSE), as it currently encompassed only 22 shareholders with less than 0.3% of its shares on issue. Listed since October 2011, AER’s directors believed that the administrative costs and... 

African Energy to delist from Botswana exchange

Eskom challenges need to be addressed urgently, or South Africa will sink – Gigaba

By: Megan van Wyngaardt     18th January 2018 Finance Minister Malusi Gigaba on Thursday painted a grim picture of the financial challenges facing power utility Eskom, stating that the national fiscus would be unable to bail the State-owned enterprise (SOE) out in the event of a default. Speaking at a pre-World Economic Forum (WEF)... 

Eskom challenges need to be addressed urgently, or South Africa will sink – Gigaba
Photo by Duane Daws
Deputy President Cyril Ramaphosa and Finance Minister Malusi Gigaba

Editorial: Eskom requires surgery not a Band-Aid

By: Terence Creamer     18th January 2018 Eskom’s debt refinancing is undoubtedly a critical burning platform. The clock is most definitely ticking and the consequences of not closing the immediate financial chasm will be dire not only for the utility, but also for citizens. That said, government is extremely unlikely to allow Eskom to... 

Editorial: Eskom requires surgery not a Band-Aid

Eskom inquiry to hear testimony from Singh, Koko next week

By: African News Agency      17th January 2018 The parliamentary inquiry into alleged corruption at Eskom will resume next week with testimony from suspended chief financial officer Anoj Singh and former acting chief executive Matshela Koko, the chairperson of the public enterprises committee Zukiswa Rantho said on Wednesday. "The Committee... 

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