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Electricity News

Signing of power purchase agreements with IPPs imminent – SAWEA

By: Megan van Wyngaardt     19th January 2018 The South African Wind Energy Association (SAWEA) expects the conclusion of 26 outstanding power purchase agreements (PPAs) with independent power producers (IPPs) to occur during the first quarter of this year. It said on Friday that the majority of the processes required to conclude the PPAs... 

Egypt, Ethiopia leaders say Nile dam must not ruin relations

By: Reuters     19th January 2018 Egyptian President Abdel Fattah al-Sisi pledged on Thursday not to let differences over a dam Ethiopia is building on the Nile river ruin relations with Addis Ababa. Ethiopia hopes the hydroelectric Grand Renaissance Dam will make it Africa's largest power exporter. 

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

UK announces further funding for small modular nuclear reactor programme

By: Keith Campbell     19th January 2018 The British government last month announced the next phase in its programme of funding the development of small modular nuclear reactors (SMRs), which forms part of a larger programme to develop the nuclear technology and energy sector in the UK. This phase will see Westminster awarding up to... 

Guidance note on support for off-grid renewable energy launched

By: Dylan Slater     19th January 2018 The first edition of the Off-Grid Government-Industry Dialogue (OGID) Day – which took place in Abidjan, Côte d'Ivoire during October – resulted in the launch of a guidance note for governments. The note aims to share recommendations for policymakers about how they can support the off-grid... 

$324m for Morocco, Côte d’Ivoire renewables projects

By: Dylan Slater     19th January 2018 The African Development Bank (AfDB) has approved $324-million in loan support to two renewable energy projects in Morocco and Côte d’Ivoire that are expected to significantly increase power supplies and boost economic growth in those countries.  

Toshiba reaches deal to help resolve Westinghouse bankruptcy, rebuild finances

By: Reuters     18th January 2018 Toshiba Corp said on Thursday it had clinched an agreement to sell its claims in bankrupt US nuclear plant maker Westinghouse Electric Co in a deal that would add $3.7-billion to the Japanese owner's depleted capital base. The Japanese conglomerate has also agreed to transfer its... 

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

CTRG reaches financial close with lenders

By: Creamer Media Reporter      17th January 2018 Mozambique-based Central Térmica de Ressano Garcia (CTRG), a joint venture between Sasol Energy and Electricidade de Moçambique (EDM) has reached financial close on a $189-million project finance transaction with its lenders. CTRG, in which EDM holds a 51% stake and Sasol Energy the balance,... 

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... 

SA’s renewables production costs minimised at high penetration levels, NREL study shows

By: Terence Creamer     17th January 2018 A new independent study published by the National Renewable Energy Laboratory (NREL), in the US, concludes that significant production cost savings could be achieved if South Africa added between 60 GW and 100 GW of additional variable renewable energy (VRE) by 2035. The NREL study is a pure... 

SA’s renewables production costs minimised at high penetration levels, NREL study shows
NREL research engineer Erol Chartan

Global competition aims to promote start-ups in energy innovation

By: Anine Kilian     16th January 2018 Start Up Energy Transition (SET), an international platform promoting innovation in energy transition, is accepting applications for global start-ups to pitch in Berlin, at the SET Tech Festival, and get featured as a top global start-up company with the World Energy Council. The SET award is a... 

New ‘power-to-X’ prospects may arise as renewables costs continue to fall

By: Terence Creamer     15th January 2018 The outlook for solar and wind electricity costs to 2020 “presages historically low costs for new renewable electricity”, which could create new economic and industrial opportunities, a new International Renewable Energy Agency (Irena) report argues. Released in Abu Dhabi, the United Arab... 

New ‘power-to-X’ prospects may arise as renewables costs continue to fall

Rwanda, Mauritius get funding for solar PV projects

By: Anine Kilian     15th January 2018 The Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (Irena) on Monday announced that $25-million in concessional loans from ADFD have been earmarked for solar photovoltaic (PV) projects in Mauritius and Rwanda. The projects have the potential to significantly... 

Eskom's bonds face suspension from South Africa exchange

By: Reuters     15th January 2018 South Africa's stock exchange has not received Eskom's interim results on time and if they are not submitted by Jan. 31 trading of the power utility's debt may be suspended, the Johannesburg Stock Exchange (JSE) said on Monday. Cash-strapped Eskom, the sole power supplier in Africa's most... 

Eskom's bonds face suspension from South Africa exchange

Acwa Power buys into blockchain currency

By: Megan van Wyngaardt     15th January 2018 Power generation technology developer Acwa Power has adopted SolarCoin – the global reward programme for solar electricity generation – marking the first time a utility-scale generator joins the SolarCoin ecosystem. SolarCoin will provide digital tokens to Acwa Power for every MWh of solar energy... 

Acwa Power buys into blockchain currency

Solar steam powers homes – and new jobs – in South Africa

By: Reuters     12th January 2018 South Africa may still get most of its energy from coal, but in the country’s sunny Northern Cape province, a different electricity source is taking hold: solar steam. A Spanish renewable energy company has opened three thermal solar plants – which use the sun’s heat to create electricity - in... 

Solar steam powers homes – and new jobs – in South Africa

Aggreko 28 MW HFO plant comes online in Madagascar

By: Megan van Wyngaardt     12th January 2018 Electricity solutions provider Aggreko has started to supply stable power in Madagascar, using 28 MW of its heavy fuel oil- (HFO-) generated energy from its Noor 2 turbine, running alongside its joint venture partner Jovena’s Noor 1 turbines. This forms part of an extension to a 50 MW agreement... 

Opic executive VP tours Togo to see thermal power plant

By: Anine Kilian     11th January 2018 US government agency Overseas Private Investment Corporation (Opic) VP David Bohigian met with Togolese Prime Minister Komi Klassou on Wednesday to tour the Opic-supported Lomé thermal power plant, which has tripled the country's energy supply.   US-based ContourGlobal built the plant in Togo... 

Zuma setting up commission to look into allegations of State corruption

By: Reuters     10th January 2018 President Jacob Zuma said on Tuesday he will set up a commission of inquiry into allegations of influence-peddling, after a 2016 anti-graft report called for a judge to investigate any corruption in his government. Zuma was ordered to establish the inquiry within 30 days of a High Court ruling... 

Zuma setting up commission to look into allegations of State corruption
President Jacob Zuma

Calls made for far-reaching Eskom restructuring as sustainability risks mount

By: Terence Creamer     9th January 2018 Eskom’s current financial situation makes it difficult to see any other path to sustainability than that of drastic cost-cutting, restructuring and bringing private equity into the business, Energy Intensive Users Group of Southern Africa (EIUG) past chairperson Piet van Staden argues. In an... 

Calls made for far-reaching Eskom restructuring as sustainability risks mount

ACWA Power reaches financial close on Egypt solar PV projects

By: Anine Kilian     9th January 2018 Saudi Arabian group ACWA Power has reached financial close on three solar photovoltaic (PV) projects, in Egypt. The projects, which are located in the southern Aswan province, are being developed under Round 2 of Egypt’s Feed-in-Tariff programme and are subject to 25-year power purchase agreements. 

Business Leadership SA slams executives’ reinstatement at Eskom

By: African News Agency      5th January 2018 Business Leadership South Africa (BLSA) has slammed the reappointment of Matshela Koko and Prish Govender at power utility Eskom, saying this flew in the face of complying with the rule of law and undermined efforts to restore confidence in the economy. BLSA said it was shocked and dismayed that... 

Business Leadership SA slams executives’ reinstatement at Eskom
Photo by Duane Daws
BLSA chief executive Bonang Mohale

NUM welcomes Koko’s reinstatement at Eskom, but concerned about corruption

By: African News Agency      5th January 2018 The National Union of Mineworkers (NUM) said on Friday that it welcomes the reinstatement of Matshela Koko as group executive of power generation at Eskom, but called for a full investigation into allegations of corruption at the power utility. Eskom confirmed on Wednesday that Koko would be... 

NUM welcomes Koko’s reinstatement at Eskom, but concerned about corruption

Eskom reinstates embattled executives Matshela Koko and Prish Govender

By: African News Agency      3rd January 2018 South African power utility, Eskom confirmed on Wednesday that former acting chief executive Matshela Koko and former acting group executive for group capital, Prish Govender, have been reinstated after they were cleared in disciplinary hearings. Eskom spokesperson, Khulu Phasiwe, said that the... 

Eskom reinstates embattled executives Matshela Koko and Prish Govender

South Africa's power utility Eskom to postpone interim results announcement

By: Reuters     21st December 2017 South Africa's state owned power utility Eskom said on Thursday it will postponed its interim results announcement until early next year. The cash-strapped utility, which has been gripped by a governance crisis in its board, said it needs time to review the impact of the increase and for its... 

South Africa's power utility Eskom to postpone interim results announcement

Canyon Coal connects local community to electricity grid

By: Megan van Wyngaardt     21st December 2017 Mid-tier coal mining and exploration group Canyon Coal, which has operations and projects in Mpumalanga and Gauteng, connected families who live next its Phalanndwa colliery in Delmas, to its electricity grid. Phalanndwa GM Alan Mabbett noted the company was “excited” to provide free electricity... 

Canyon Coal connects local community to electricity grid
Photo by Duane Daws
The Phalanndwa colliery

Ethiopia signs $4bn deal to build 1 000 MW-geothermal power plants

By: Megan van Wyngaardt     20th December 2017 Ethiopia has signed an agreement to build two geothermal power plants at a combined cost of $4-billion, to be run by the country's first privately-owned utility. The Corbetti and Tulu Moye plants will produce a combined 1 000 MW of power upon completion in eight years time in the... 

ABB, SNC-Lavalin joins forces for substation projects

By: Megan van Wyngaardt     20th December 2017 Automation company ABB and infrastructure company SNC-Lavalin have signed an agreement to form a joint venture (JV) for the execution of engineering, procurement and construction (EPC) projects for electrical substations. SNC-Lavalin will have majority and controlling interest in the JV. 

Gigaba backs lower tariff hike, says Eskom a drain on fiscus

By: News24Wire      18th December 2017 Finance Minister Malusi Gigaba said on Saturday that he supports the National Energy Regulator of South Africa (Nersa’s) decision not to grant the nearly 20% tariff increase Eskom had applied for as the current state of the economy wouldn’t have been able to support this. Nersa on Friday, granted... 

Gigaba backs lower tariff hike, says Eskom a drain on fiscus
Finance Minister Malusi Gigaba

Eskom disappointed by Nersa allowance 

By: Megan van Wyngaardt     18th December 2017 State-owned power provider Eskom on Monday said it was “disappointed” with the National Energy Regulator of South Africa (Nersa) only allowing a 5.23% tarriff increase. The parastatal said in a statement that this only allowed revenue of R190.348-billion for the 2018/19 financial year. 

Eskom disappointed by Nersa allowance

Appointment of new Eskom CEO a priority - Minister Brown

By: African News Agency      15th December 2017 Public Enterprises minister Lynne Brown said on Friday that the process of appointing a new permanent group chief executive for power utility Eskom was "a priority" and that the finalization of the investigation into suspended executives was of "paramount importance". This comes as news... 

Nersa grants Eskom's tariff hike, but not 20% 

By: News24Wire      15th December 2017 South Africa's National Energy Regulator (Nersa) has declined Eskom request for a 20% hike, instead granting Eskom a 5.2% hike. The regulator is due to publish a document outlining the decision in the next couple of days, Nersa chair Jacob Modise said. The 5.23% tariff increase, announced by... 

Nersa grants Eskom's tariff hike, but not 20%

Proposed carbon tax ‘least-cost manner’ to ensuring greenhouse-gas reduction – Treasury 

By: Schalk Burger     15th December 2017 The National Treasury released the Second Draft Carbon Tax Bill for public comment on Friday and averred that it “seeks to give effect to the polluter pays principle . . . and will assist, in a least-cost manner, in reducing greenhouse-gas (GHG) emissions and ensuring that South Africa meets its... 

Busa raises red flag over lack of IRP consultations

By: Creamer Media Reporter      15th December 2017 Business Unity South Africa (Busa) on Friday said it was concerned over a lack of consultation on the final draft of the updated Integrated Resource Plan (IRP), which was approved by Cabinet last week. The IRP determines South Africa’s long-term electricity demand and details how the demand... 

Busa raises red flag over lack of IRP consultations

CPV plant’s success contributes to economic growth

By: Tasneem Bulbulia     15th December 2017 Being the only concentrated photovoltaic (CPV) power plant of its kind in South Africa currently, independent power producer Pele Energy Group senior asset manager Ziska Mc Gilton says the 36 MW ac Touwsrivier CPV project is continuously providing economic upliftment and support for surrounding... 

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