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Electricity News

Eskom warns of impact of rising municipal debt on its sustainability 

By: Tasneem Bulbulia     24th January 2019 Rising municipal debt, coupled with Eskom’s poor financial and operational performance, pose a systemic risk to the sustainability of the company, State-owned Eskom CFO Calib Cassim said during public hearings into Eskom’s three-year tariff application, in Bloemfontein, on Wednesday. Cassim said... 

World Bank says Eskom debt restructuring should be coupled to power market reform  

By: Terence Creamer     23rd January 2019 World Bank country director Paul Noumba Um believes the South African government is moving in the “right direction” by pursuing discussions on possible debt relief for Eskom in conjunction with plans for restructuring the utility and overhauling the architecture of domestic power market. He also... 

World Bank says Eskom debt restructuring should be coupled to power market reform
World Bank country director Paul Noumba Um on restructuring of Eskom and the need for power-market reform. Camera Work & Editing: Darlene Creamer

World Bank says Eskom simply too big to fail

By: News24Wire      22nd January 2019 The World Bank has argued that Eskom is too big to fail, and the South African economy would not withstand a financial meltdown of the cash-strapped power utility. "It is just too big to allow it to disintegrate, and fixing all these pieces will be costlier than trying to reform it," the bank’s... 

 World Bank says Eskom simply too big to fail

GETI provides insights into talent environment for energy sectors

By: Tasneem Bulbulia     22nd January 2019 The third annual Global Energy Talent Index (GETI), the world’s largest energy recruitment and employment trends report, was released on Tuesday, and offered insights into five industry subsectors – oil and gas, renewables, power, nuclear and petrochemicals. The report, compiled by Airswift and... 

To meet climate goals, world urged to reuse natural resources

By: Reuters     22nd January 2019 More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday. Only about a tenth of the nearly 93 billion tonnes of materials utilised annually - including minerals, metals, fossil fuels and biomass -... 

South Africa may double power purchases from Congo hydro plant

By: Bloomberg     21st January 2019 South Africa is mulling committing to doubling the amount of electricity it will buy from a proposed multibillion-dollar hydro power plant in the Democratic Republic of Congo. Increasing the amount of electricity that South Africa will buy has become a linchpin for the companies seeking to build... 

South Africa may double power purchases from Congo hydro plant

Evolution II Fund closes $41m funding round

By: Tasneem Bulbulia     18th January 2019 Africa-focused investment advisory firm Inspired Evolution led a $41-million equity investment by its Evolution II Fund and other consortium partners into Africa-focused solar business d.light. Evolution II invested $18-million alongside $10.6-million from the Dutch Development Bank FMO,... 

Radebe insists IRP to be approved soon, amid Nedlac uncertainty 

By: Terence Creamer     18th January 2019 Energy Minister Jeff Radebe has reiterated that Cabinet could soon approve the long-awaited update to South Africa’s Integrated Resource Plan (IRP) for electricity, despite persistent suggestions that National Economic Development and Labour Council (Nedlac) sign-off of the document is still... 

Radebe insists IRP to be approved soon, amid Nedlac uncertainty

Clough JV selected as preferred tenderer for civil works at Australian hydropower project 

By: Creamer Media Reporter      18th January 2019 The Clough Salini Joint Venture (JV) has been selected as the preferred tenderer for about A$4-billion worth of civil works packages for the Snowy 2.0 project – a multiyear infrastructure project. Clough is a wholly owned subsidiary of Murray & Roberts and has a 35% shareholding in the JV. 

Eskom faces coal supply shortfall, long term contracts coming to an end – manager

By: African News Agency      18th January 2019 State-owned electricity utility Eskom is grappling with a coal supply shortfall at several power stations with long term contracts coming to an end, a senior company executive has said. South Africa is also experiencing lack of new mining investments in large scale coal mines and execution of... 

Eskom faces coal supply shortfall, long term contracts coming to an end – manager

No pleasantries as KZN consumers challenge Eskom’s proposed tariff increase

By: African News Agency      18th January 2019 Instead of granting increases to Eskom’s “fat cats”, the state-owned energy supplier should be told to reclaim money stolen through corruption, representatives from the National Energy Regulator of South Africa (Nersa) were told on Thursday. “We propose a radical shift in how electricity is... 

South Africa’s electricity sector 

18th January 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Eskom’s latest tariff applications, its debt burden and what South Africa needs to ensure the future sustainability of its electricity supply. 

South Africa’s electricity sector
South Africa’s electricity sector

New board has important issues to consider regarding Necsa

By: Rebecca Campbell     18th January 2019 Major decisions are going to have to be taken about the future of the South African Nuclear Energy Corporation (Necsa), new Necsa Board Chairperson Dr Rob Adam has old “Engineering News”. A totally new Board for the corporation was announced by the Government on December 6, the new Board’s term... 

AEMFC says will submit bid for Optimum assets

By: Marleny Arnoldi     17th January 2019 An African Exploration Mining and Finance Corporation- (AEMFC-) led consortium on Thursday announced that it would submit a bid for the Optimum Coal assets, which are currently in business rescue. State-owned AEMFC believed the Optimum Coal transaction would be fundamental to the country’s... 

AEMFC says will submit bid for Optimum assets
Coal stockpile

Investec, UK Climate Investments kickstart renewable energy vehicle with R1bn

By: Marleny Arnoldi     17th January 2019 Investec Bank and UK Climate Investments have committed a combined R1-billion to a dedicated renewable energy investment vehicle Revego Africa Energy. Revego Fund Managers (RFM) – a newly incorporated black-owned and managed fund manager – will be responsible for managing Revego’s investments... 

Johannesburg city council discovers almost R9m in lost revenue

By: African News Agency      17th January 2019 The Johannesburg city council says an operation in Fourways led to the discovery of almost R9-million in lost revenue due to illegal connections to services since 2015. "The three properties which were visited were also found not to have complied with the city's bylaws and were fined," it said of... 

Optimum, Koornfontein preliminary business rescue plan to be submitted for creditor approval next week 

By: Marleny Arnoldi     16th January 2019 Legal adviser Bouwer van Niekerk expects to have a preliminary business rescue plan for Optimum Coal Mine and Koornfontein Mine submitted for creditor approval by the end of next week, he confirmed to Mining Weekly Online on Wednesday. The mines’ business rescue practitioners (BRPs) have been... 

Optimum, Koornfontein preliminary business rescue plan to be submitted for creditor approval next week

South Africa aims to finalise long-term energy plan next month – Radebe 

By: Reuters     16th January 2019 South Africa is aiming to finalise a long-term plan for the country's energy mix next month, and once that is done it will launch another round of renewable energy deals, Energy Minister Jeff Radebe said on Wednesday. "We are aiming for February," Radebe told Reuters, when asked when the... 

South Africa aims to finalise long-term energy plan next month – Radebe
Photo by Dylan Slater
Energy Minister Jeff Radebe

Project Halo refutes allegations of favoritism in bid to acquire Optimum, Koornfontein mines 

By: African News Agency      16th January 2019 Project Halo – the consortium which came out as the preferred bidder in the highly-contested purchase of coal mine previously owned by the Gupta family – on Tuesday rejected allegations of impropriety in the way it secured the bid to acquire mine and other related assets.  Last year, Project Halo... 

Don’t hurt farmers with higher electricity tariffs, says Agri Western Cape 

By: Kim Cloete     15th January 2019 Sharp electricity tariff hikes would have a major detrimental effect on the agricultural sector, Agri Western Cape has said during public hearings into electricity tariffs. In its submission to the National Energy Regulator of South Africa (Nersa), Agri SA said high increases in electricity costs... 

Electricity increases will badly hurt the poor, say community leaders, residents  

By: Kim Cloete     15th January 2019 Community and faith leaders, as well as pensioners and residents, have called on the National Energy Regulator of South Africa (Nersa) to oppose Eskom’s request for a tariff hike, with a projected overall increase of 45% to 2021. “If granted, this price increase will severely impact on all... 

Electricity increases will badly hurt the poor, say community leaders, residents

'Find it in your heart, Eskom' – public's pleas on 'unbearable' tariff hikes  

By: News24Wire      15th January 2019 Granting power utility Eskom the 15% annual tariff hike it has asked for will only add pressure to already struggling households, the National Energy Regulator of South Africa (Nersa) heard on the second day of public hearings.  The energy regulator, which sets prices and tariffs for Eskom,... 

'Find it in your heart, Eskom' – public's pleas on 'unbearable' tariff hikes

Merkel seeks to preserve jobs while phasing out coal plants

By: Bloomberg     15th January 2019 Angela Merkel’s commission plotting Germany’s exit from coal faces a tricky balancing act: how to stop mining and burning the dirtiest fossil fuel without whipping up more voter anxiety over job losses. Germany’s chancellor meets with coal-state governors who sit on the commission on Tuesday in... 

Electric cars seen getting cleaner even where grids rely on coal

By: Bloomberg     15th January 2019 Electric cars are better for the environment than traditional gasoline models, and that benefit will grow as power generators shift away from coal. That’s the conclusion of research by BloombergNEF, which found carbon dioxide emissions from battery-powered vehicles were about 40% lower than for... 

Goldman models risk of 1 000 basis point Eskom blowout for South Africa  

By: Reuters     15th January 2019 Investment bank Goldman Sachs said South Africa's rand could tumble 3.5% if State-run power utility Eskom suffers a major sell-off in its bonds, but it could also jump 4.5% if the firm's troubles improve. Goldman's analysts said an Eskom risk gauge used by the bank was now close to its most... 

Goldman models risk of 1 000 basis point Eskom blowout for South Africa

China approves large new upstream dam project on the Yangtze river

By: Reuters     15th January 2019 China has approved construction of one of its tallest dams, a 239-metre (784-foot) hydroelectric structure on the upstream section of its longest river, the Yangtze, the state planning agency said on Tuesday. Hydropower is a clean and renewable source of energy but large-scale construction in... 

Organisations criticise ‘untransparent’ and ‘inefficient’ Eskom

By: Kim Cloete     14th January 2019 The Organisation Undoing Tax Abuse (Outa) has suggested that Eskom should be granted an electricity tariff increase of only 5% over the next three years and pushed for a radical overhaul of the utility. “We recommend a consumer price index tariff increase of 5% a year for the multiyear price... 

Salga warns of the dangers of raising electricity tariffs

By: Kim Cloete     14th January 2019 The South African Local Government Association (Salga) has rejected Eskom’s appeal for a 15% tariff increase over the next three years, saying the utility is "out of touch with reality". “There is already too much burden hanging over South African customers. We can’t expect them to pay,” Salga... 

Eskom warns of 'debt trap' as it pleads for 15% hike  

By: Kim Cloete     14th January 2019 Eskom CEO Phakamani Hadebe has apologised for the severe predicament Eskom is in, but has pleaded for an electricity tariff increase of 15% over the next three years.   Hadebe made the call at the opening of public hearings into electricity tariffs held by the National Energy Regulator of South... 

Eskom warns of 'debt trap' as it pleads for 15% hike
Photo by Dylan Slater
Eskom CEO Phakamani Hadebe

Rosatom invites African students to apply for nuclear studies scholarships in Russia

By: Tasneem Bulbulia     14th January 2019 Russian nuclear energy corporation Rosatom on Monday announced that applications were open for scholarships for African students to help develop the next generation of African nuclear scientists and engineers. The scholarships fund tuition fees in full and living expenses in part. 

Nersa begins public hearings on Eskom tariffs

By: African News Agency      14th January 2019 The National Energy Regulator of South Africa (Nersa) on Monday began public hearings on Eskom's application to increase electricity tariffs annually by 15 percent for the next three years. The hearings on the multi-year price determination (MYPD4) kicked off in Cape Town, with heated objection... 

Nersa begins public hearings on Eskom tariffs

Home Affairs Committee proposes cell phone ban for DoH staff   

By: Sane Dhlamini     14th January 2019 Portfolio Committee on Home Affairs chairperson Hlomani Chauke on Monday called on the Department of Home Affairs (DoH) to consider an outright ban on cell phone usage by front line staff during working hours at all branches. This follows numerous complaints made to the committee from members of... 

Home Affairs Committee proposes cell phone ban for DoH staff

We must apologise to South Africans for 'avoidable' challenges – Eskom CEO 

By: News24Wire      14th January 2019 Eskom's 15% tariff increase for the next three years may seem steep, but Eskom has run into challenges which it cannot solve alone, CEO Phakamani Hadebe said. The executive made opening remarks at the National Energy Regulator of South Africa's (Nersa) nationwide public hearings, which kicked off... 

 We must apologise to South Africans for 'avoidable' challenges – Eskom CEO
Photo by Dylan Slater
Eskom CEO Phakamani Hadebe

UK's nuclear future fades as Hitachi exit follows Toshiba  

By: Bloomberg     11th January 2019 Britain’s plan for a nuclear revival was thrown into disarray after the second Japanese company in as many months seemed to pull the plug on a new plant. The UK government has put atomic energy at the heart of its effort to attract 100-billion pounds ($130-billion) of investment to upgrade its... 

Uganda aims to impose penalties on distributor for power outages

By: Reuters     11th January 2019 Uganda aims to impose financial penalties from March on its sole power distributor Umeme for any frequent and prolonged supply outages, the regulator said. The public has long complained about high tariffs and long power cuts, while unreliable supplies add extra costs to businesses, which often... 

BRPs to meet with Optimum, Koornfontein creditors to vote on proposed business rescue plans 

By: Simone Liedtke     10th January 2019 The joint business rescue practitioners (BRPs) of Optimum Coal Mine (OCM) and Koornfontein Mines (KFT) expect to convene meetings with creditors within the next few weeks to vote on the proposed business rescue plans for the mines. The meetings will take place once the BRPs have resolved... 

BRPs to meet with Optimum, Koornfontein creditors to vote on proposed business rescue plans

City of Tshwane teams scurry to restore power to storm-hit areas

By: News24Wire      9th January 2019 City of Tshwane officials are working hard to restore power to areas affected by a storm that hit Pretoria and surrounding areas on Tuesday evening, which led to outages and several fallen trees. Areas affected by the storm include Irene, Olympus, Monavoni, Saulsville, Raslouw, Heuwelsig,... 

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