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Electricity News

S&P revises Eskom outlook to stable in wake of govt’s R23bn-a-year pledge 

By: Terence Creamer     1st March 2019 Credit ratings agency S&P Global Ratings has revised its outlook on Eskom to stable from negative, following Finance Minister Tito Mboweni’s announcement of R23-billion a year of additional funding to the debt-laden State-owned electricity utility. The ratings agency affirmed its 'CCC+' and 'zaB'... 

High risk of load-shedding for Friday and weekend, says Eskom

By: African News Agency      1st March 2019 The risk of load-shedding for Friday and the weekend is high, according to Eskom.  The power producer made the announcement via an emailed statement late on Thursday night.  

 High risk of load-shedding for Friday and weekend, says Eskom

More meetings with labour planned on Eskom 

By: African News Agency      28th February 2019 The special Cabinet committee on Eskom will hold more meetings with organised labour to discuss the contentious restructuring of the struggling power utility into three units, according to a statement issued on Thursday. "The meeting with labour reported on the problems with Eskom’s operations... 

More meetings with labour planned on Eskom

Former Glencore CEO 'devastated' by Molefe's about-face on coal deal

By: News24Wire      28th February 2019 Former Glencore chief executive Clinton Ephron has told the Zondo commission into state capture that he was devastated when former Eskom CEO Brian Molefe told him Eskom would not be updating the company’s contract with the power supplier. Ephron took to the stand on Wednesday and was widely... 

Energy Regulator to announce Eskom tariff decision on March 7 

By: Terence Creamer     27th February 2019 The National Energy Regulator of South Africa (Nersa) will announce its decision on Eskom’s fourth multiyear price determination (MYPD4) application, as well as the State-owned utility's 2017/18 regulatory clearing account (RCA) submission on Thursday March 7. The determination will be released... 

Energy Regulator to announce Eskom tariff decision on March 7
Photo by Creamer Media's Dylan Slater
Nersa panel members listen to presentations during recent public hearings into Eskom's revenue application

Africa’s first solar-powered desalination plant passes 10 000 kℓ mark  

By: Tasneem Bulbulia     27th February 2019 Africa’s first solar-powered seawater desalination plant, the OSMOSUN plant, designed by Mascara and located in Witsand, in the Hessequa municipality, in the Western Cape, has produced more than 10  000 kℓ of drinkable water. The plant has been fully operational since December 20, 2018, providing... 

Africa’s first solar-powered desalination plant passes 10  000 kℓ mark
The OSMOSUN plan

NTP Radioisotopes faces heavy losses this year but is confident of regaining market share  

By: Rebecca Campbell     27th February 2019 NTP Radioisotopes (NTP), a subsidiary of the State-owned South African Nuclear Energy Corporation, is expected to make a loss this year of R224-million, in comparison to profits of R108-million last year and of R184-million in 2017. This was stated in a written reply to a Parliamentary question... 

NTP Radioisotopes faces heavy losses this year but is confident of regaining market share
Photo by Duane Daws/Creamer Media
An aerial view of the South African Nuclear Energy Corporation complex at Pelindaba, which contains the NTP facilit

Kibo to potentially acquire five peaking power sites totalling 25.85 MW

By: Simone Liedtke     27th February 2019 MAST Energy Developments (MED), Kibo Energy’s 60%-owned subsidiary, has signed a binding conditional agreement for the exclusive right to undertake due diligence and negotiate the potential acquisition of five peaking power sites totalling 25.85 MW. Under the terms of the agreement, MED has... 

DBSA granted $100m to establish embedded generation investment programme   

By: Marleny Arnoldi     27th February 2019 The Green Climate Fund (GCF) has extended funding of $100-million to the Development Bank of Southern Africa (DBSA) to establish the Embedded Generation Investment Programme (EGIP). Embedded generation entails the production of electricity from generation facilities that are connected to the... 

DBSA granted $100m to establish embedded generation investment programme

Radebe sets the record straight on impact of IPP costs on Eskom 

27th February 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Energy Minister Jeff Radebe’s statements that independent power producers are not the cause of power utility Eskom’s financial problems and how government intends to approach the expensive renewables plants... 

Radebe sets the record straight on impact of IPP costs on Eskom
Radebe sets the record straight on impact of IPP costs on Eskom.

US government agency’s backing of Tetra4 takes project ‘to next level’ – Renergen CEO  

By: Simone Liedtke     27th February 2019 Integrated alternative and renewable energy business Renergen on Wednesday announced that the US government’s development finance institution, the Overseas Private Investment Corporation (OPIC), had approved a $40-million loan facility in favour of Tetra4’s Virginia gasfield project. Tetra4 is a... 

Cape Town to petition court to allow electricity purchases from independent producers 

By: African News Agency      26th February 2019 The city of Cape Town said on Tuesday it was asking the North Gauteng high court to treat a pending court matter between itself, the energy minister and the National Energy Regulator of South Africa regarding electricity procurement as urgent. Cape Town wants itself and other municipalities... 

SAIPPA welcomes Radebe’s statement on REIPPPP

By: Marleny Arnoldi     26th February 2019 The South African Independent Power Producer Association (SAIPPA) has welcomed Energy Minister Jeff Radebe’s statement regarding the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). During a briefing on Sunday, the Minister discussed the context and chronology of... 

Lesedi Nuclear Services looks to African projects while it awaits IRP update

By: Marleny Arnoldi     26th February 2019 Given the landscape in South Africa, where project opportunities are expected to remain scarce until energy policies are finalised, engineering, procurement and construction (EPC) company Lesedi Nuclear Services has had to expand its service offering into other markets in Africa. Lesedi... 

Lesedi Nuclear Services looks to African projects while it awaits IRP update
Lesedi Nuclear business development executive Shane Pereira

Eskom employees were pressured to sign R4.3bn contract with Tegeta, Zondo inquiry hears

By: African News Agency      26th February 2019 Evidence leader at the Zondo Inquiry, Advocate Kate Hofmeyr, on Tuesday gave an overview of the evidence of corruption in Eskom's coal supply contract with Gupta family businesses that was going to be presented by a new witness. Daniel Mashigo, acting senior general manager for primary energy... 

Eskom employees were pressured to sign R4.3bn contract with Tegeta, Zondo inquiry hears

KenGen gets contract with Ethiopian Electric Power for geothermal drilling

By: Reuters     25th February 2019 Kenya's KenGen on Monday said it secured a multimillion-shilling contract to provide geothermal drilling services to State-run Ethiopian Electric Power. The power producer's contract with East Africa's largest power producing company is being funded by the World Bank through a loan to the... 

Mabuza says Koko leaked Eskom documents to help Trillian, McKinsey

By: African News Agency      25th February 2019 Eskom chairperson Jabu Mabuza told the Zondo Inquiry on Monday that former acting chief executive, Matshela Koko, leaked confidential documents to third party companies that wanted to do consulting business with Eskom. Resuming his testimony on Monday, Mabuza reiterated his allegation that emails... 

Mabuza says Koko leaked Eskom documents to help Trillian, McKinsey
Photo by Creamer Media's Dylan Slater
Eskom Chairperson Jabu Mabuza

Zambia, Zimbabwe cut Kariba Dam power generation 

By: Reuters     25th February 2019 Zambia and Zimbabwe reduced power generation to around half capacity at their power stations at the Kariba Dam as water levels in the reservoir fell, Zambia’s State-owned Zesco said on Monday. Zesco spokesperson Henry Kapata said power generation on both the Zambian and Zimbabwean sides had been... 

Radebe says South Africa has no intention of renegotiating renewables PPAs

By: Terence Creamer     24th February 2019 Energy Minister Jeff Radebe says government has no intention of renegotiating the power purchase agreements (PPAs) for renewable-energy projects procured in 2011 and 2012, but has left the door open for a “refinancing” of the projects in the interest of lowering the cost of the plants to the... 

Radebe says South Africa has no intention of renegotiating renewables PPAs
Photo by Creamer Media
Energy Minister Jeff Radebe

SAWEA says renewables sector has proven its capacity to contribute to South Africa’s development

By: Tasneem Bulbulia     22nd February 2019 South African Wind Energy Association (SAWEA) CEO Brenda Martin on Friday asserted that the renewables sector has proven its capacity to take on upfront risk and to contribute to broader national development objectives such as job creation, social development and providing new opportunities for... 

Eskom was the 'main stage in the theatre of corruption', says Mabuza 

By: African News Agency      22nd February 2019 Eskom chairperson Jabu Mabuza told the Zondo Inquiry on Friday that the current board of directors discovered that the power utility was "the main stage in the theatre of corruption" when it was appointed in January 2018. Asked by evidence leader Vincent Maleka to detail the state of affairs when... 

Eskom was the 'main stage in the theatre of corruption', says Mabuza
Photo by Creamer Media
Eskom chairperson Jabu Mabuza

Eskom support will weigh on South Africa's finances – S&P Global

By: Reuters     22nd February 2019 South Africa's support plan for struggling state-owned electricity firm Eskom will put further strain on the country's finances, rating agency S&P Global said on Thursday, although it should be offset to a degree by easing external pressures. In his maiden budget speech on Wednesday Finance... 

Energy efficient lighting solution successfully installed

By: Thabi Madiba     22nd February 2019 Luminaires and glass-fibre-reinforced polyester poles manufacturer BEKA Schréder is proud to have worked with consulting engineers and project managers firm Bicon Consulting Engineers, consultant company WSP, and information technology specialists RM Consulting in providing a successful energy... 

Energy efficient lighting solution successfully installed
ENERGY EFFICIENT LIGHTS BEKA LEDpost bollards and LEDduo up- and downlighters illuminate the hotel

Inclusion of strategic partner in grid company ‘not privatisation’ 

By: Terence Creamer     21st February 2019 Finance Minister Tito Mboweni insists that the inclusion of a strategic equity partner in the national grid company to be formed in mid-2019 as a result of the unbundling of Eskom into three separate State-owned entities does not amount to privatisation. The proposal is, nevertheless, likely to... 

Inclusion of strategic partner in grid company ‘not privatisation’

Eskom bailout could reach R150bn over ten years

By: Reuters     21st February 2019 A bailout for struggling South African state utility Eskom could reach as much as R150-billion over ten years, a senior National Treasury official told Reuters. The Treasury said on Wednesday that it would provide Eskom with R69-billion of financial support over three years. 

Eskom bailout could reach R150bn over ten years

Zambia, Zimbabwe shortlist foreign firms to build hydro plant 

By: Reuters     21st February 2019 Zambia and Zimbabwe have shortlisted American, European and Chinese companies to build the Batoka Gorge hydro power plant, the ministry of finance said in statement on Wednesday. Preparatory studies, including engineering feasibility, for the 2 400 MW power station will be completed by end of the... 

Africa still slow to take up EVs, energy storage solutions

By: Marleny Arnoldi     20th February 2019 Globally, there is a rise in the uptake of electric vehicles (EVs) and battery storage systems, especially in regions where there is a lack of constant, reliable energy supply or more economically feasible solutions, Electric Vehicle Industry Association representative Carel Snyman said during a... 

R69bn in support for Eskom made conditional on restructuring 

By: Terence Creamer     20th February 2019 Finance Minister Tito Mboweni has turned down a proposal for R100-billion of Eskom’s debt to be transferred across to the National Treasury, but has instead announced R23-billion a year in financial assistance for the debt-laden utility that is directly tied to a restructuring of the business.... 

R69bn in support for Eskom made conditional on restructuring
Photo by Bloomberg
Finance Minister Tito Mboweni

State-owned AEMFC awarded PCF bid to the tune of R1bn

By: Nadine James     20th February 2019 A consortium led by State-owned mining company African Exploration Mining and Finance Corporation (AEMFC) has been awarded the post-commencement funding (PCF) bid for Optimum Coal and its associated assets to the value of R1-billion.  PFC is finance granted to a company in business rescue and is... 

State-owned AEMFC awarded PCF bid to the tune of R1bn
From left to right are: Lurco Group COO and co-founder Aubrey Chauke; Lurco Group business development, marketing and capital raising head Lee Stokes; Lurco Group commercial head Richard MacDonald; Lurco Group consultant Errol Salkinder; Ukwazi MD Jaco Lotheringen; the BRP's lead lawyer Bouwer van Niekerk; Optimum BRP Chris Monyela; BRP officer Devon Brikkels; Lurco Group CEO and co-founder Ellington Nxumalo; Optimum senior BRP Juanito Damon; Optimum senior BRP Louis Kloppers; AEMFC legal counsel Nkhangweni Ndou; and Lurco Group legal counsel Khanyi Zungu

Digitalisation could facilitate energy access, efficiency in Africa – panel

By: Marleny Arnoldi     19th February 2019 Digitalisation within the African energy sector is accelerating at a rapid rate, creating demand for innovation and adaptation to new market technologies and the development of new skill sets within organisations, Trade and Industry Policy Strategies executive director Saul Levin told delegates... 

Digitalisation could facilitate energy access, efficiency in Africa – panel

AfDB optimistic about Eskom’s turnaround prospects

By: Terence Creamer     19th February 2019 The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turnaround the embattled South African power utility will bear fruit. Power, energy, climate and green growth complex VP Amadou Hott told Engineering News... 

AfDB optimistic about Eskom’s turnaround prospects
Photo by Creamer Media
AfDB power, energy, climate and green growth complex VP Amadou Hott

Regional development focus necessary for Africa’s energy future – panel

By: Marleny Arnoldi     19th February 2019 A number of trends and influences are driving change in the energy sector, with the collective drive towards a safer, more environment-friendly, reliable and sustainable future. Leading a panel discussion at the Africa Energy Indaba, on Tuesday, Strategic Concepts chairperson Sean Cleary said the... 

M&R expects significant improvement in interim HEPS

By: Nadine James     19th February 2019 JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31. Basic EPS for the period are expected to increase by between 57% and 75% year-on-year to between 44c... 

Load-shedding 'extremely dangerous' to local auto sector, warns Naamsa chairperson 

By: Irma Venter     19th February 2019 Load-shedding is “extremely dangerous” to the local automotive industry, says Toyota South Africa Motors (TSAM) president and CEO Andrew Kirby. Kirby is also chairperson of the National Association of Automobile Manufacturers of South Africa (Naamsa). 

Load-shedding 'extremely dangerous' to local auto sector, warns Naamsa chairperson
TSAM president and CEO Andrew Kirby

Radebe says IRP to be finalised in March and promises to address IPP issues soon 

By: Terence Creamer     19th February 2019 Energy Minister Jeff Radebe listed the finalisation of the Integrated Resource Plan (IRP) for electricity as South Africa’s main energy priority and indicated on Tuesday the policy should be approved in March. Speaking on the sidelines of the 2019 edition of Africa Energy Indaba he said he would... 

Radebe says IRP to be finalised in March and promises to address IPP issues soon
Energy Minister Jeff Radebe

Sun Exchange signs fund agreement with Decentral Energy for solar projects

By: Schalk Burger     19th February 2019 Solar-generation microleasing platform Sun Exchange on Tuesday announced that it had signed an agreement with Johannesburg-based boutique clean energy fund manager Decentral Energy, said Sun Exchange founder and CEO Abe Cambridge. The agreement gives Decentral’s Grovest Energy, an Income Tax Act... 

Sun Exchange signs fund agreement with Decentral Energy for solar projects
473 kW Nioro Plastics solar project

Nampak marks 50 years on JSE amid moves to streamline and reduce environmental footprint 

By: Terence Creamer     19th February 2019 Packaging group Nampak, which celebrated 50 years on the JSE on February 19, is a markedly different business from the one that has its roots in a cardboard box-making factory established by John Herzberg in Waterkant Street, Cape Town, in 1918. Rising levels of automation across a portfolio of... 

Nampak marks 50 years on JSE amid moves to streamline and reduce environmental footprint

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