http://www.engineeringnews.co.za
R/€ = 14.61 Change: -0.05
R/$ = 13.80 Change: 0.00
Au 1159.85 $/oz Change: -1.76
Pt 915.00 $/oz Change: 0.00
 

Topic

Bushveld Energy upbeat about IRP, but concedes challenges remain

By: Megan van Wyngaardt     5th December 2016 While independent power producers await government’s updated Integrated Resource Plan (IRP) with bated breath, as it could possibly impact on the roll-out of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), electricity storage provider Bushveld Minerals is excited... 

Eskom reiterates 50%-plus black ownership requirement for coal suppliers

By: Megan van Wyngaardt     5th December 2016 State-owned electricity provider Eskom on Monday reiterated its commitment to procure coal for its power stations from companies that have a black ownership of more than 50%, throughout the life of the mine. This comes after Exxaro Resources recently revealed a new black economic empowerment... 

Govt appoints consultants to help decide future course for airlines

By: Keith Campbell     2nd December 2016 A notice (NT008-2016) on the website of National Treasury has confirmed that a joint venture between Bain and Company South Africa and Abacus Advisory has been appointed the “professional service provider(s) for developing the optimal group corporate structure for the realignment of the... 

Guptas, Eskom still not budging on R2bn coal fine payment 

By: News24Wire      1st December 2016 The Guptas, who part-own Optimum Coal Mine through Tegeta Resources and Energy with President Jacob Zuma’s son Duduzane Zuma, have yet to pay the R2.176-billion fine imposed on it by Eskom. That is according to a written Parliamentary response by Public Enterprises Minister Lynne Brown on Wednesday. 

Eskom: What now?

By: Terence Creamer     25th November 2016 The fast-moving nature of developments at Eskom following the November 2 release of Thuli Madonsela’s ‘State of Capture’ report, have left many of us expecting the unexpected. To steal a phrase from some post-Brexit and post-Trump commentators, it is as though “all the world’s black swans have... 

Consultants appointed to help government decide future course for SAA, SA Express 

By: Keith Campbell     22nd November 2016 A notice (NT008-2016) on the website of National Treasury has confirmed that a joint venture between Bain and Company South Africa and Abacus Advisory has been appointed the “professional service provider(s) for developing the optimal group corporate structure for the realignment of the... 

Brown to make new Eskom board proposals to Cabinet after Pamensky quits

By: Terence Creamer     16th November 2016 Public Enterprises Minister Lynne Brown says she intends submitting recommendations to Cabinet soon regarding the strengthening the Eskom Board, after confirming that she had accepted Mark Pamensky request to step down. Pamensky’s resignation follows days after CEO Brian Molefe announced that he... 

South Africa’s slump in African renewables index reflects Eskom-induced uncertainty

By: Terence Creamer     15th November 2016 South Africa’s ranking in a continent-wide renewable-energy index has plummeted, reflecting the current market uncertainty that has arisen as a result of Eskom’s refusal to sign power purchase agreements (PPAs) with preferred bidders named following the most recent auctions held under the... 

ACWA Power to reassess bullish South Africa stance should Redstone collapse 

By: Terence Creamer     15th November 2016 The head of Saudi Arabian electricity group ACWA Power says that, while the company remains a patient investor in South Africa, the outcome of the current impasse with Eskom relating to its 100 MW Redstone concentrated solar power (CSP) project will be critical to the group’s future investment... 

Renewables body urges new Eskom chief to restore communications and momentum 

By: Terence Creamer     14th November 2016 The South African Renewable Energy Council (Sarec) has expressed the hope that the new CEO of Eskom will restore “constructive communication” with the renewable-energy industry, which it says has faced “increasingly irrational and inaccurate criticism” during Brian Molefe’s tenure. Molefe... 

Strong sense of irony as Eskom solicits energy-intensive connections

By: Terence Creamer     11th November 2016 Amid weak economic growth, falling industrial and mining demand and a rise in plant availability, Eskom has appealed to industrial customers to approach it for new connections, saying it is “open for business”. The State-owned utility announced a recovery in the energy availability factor (EAF)... 

Sarec too raises IPP delay concerns

By: Natasha Odendaal     9th November 2016 The South African Renewable Energy Council (Sarec) has become the latest organisation to raise concerns over State-owned power utility Eskom’s repeated delays in signing off on new power purchase agreements (PPAs) with independent power producers (IPPs). In a response statement to the disclosures... 

Emotional Molefe weighs judicial review and future after damning Public Protector report  

By: Terence Creamer     3rd November 2016 Eskom CEO Brian Molefe has indicated that he is weighing his future options as head of the State-owned electricity producer following the release of a Public Protector report, which raises serious questions about his role in facilitating a coal deal involving Tegeta, a mining company linked to... 

Treasury: Nuclear can’t undermine fiscal integrity

By: News24Wire      26th October 2016 Treasury will ensure it protects South Africa’s fiscal integrity with regard to South Africa’s nuclear procurement plan. Finance Deputy Minister Mcebisi Jonas told media on Wednesday that Treasury will continue to play a role in the planning of the nuclear procurement programme. 

IPP programme ‘will continue’, as govt seeks confidence-building partnerships

By: Terence Creamer     26th October 2016 The Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) “will continue and expand”, the Medium-Term Budget Policy Statement (MTBPS) asserts, describing it as “an example of the kind of partnerships needed for national development”. The competitive auctions associated with... 

South Africa’s innovators of tomorrow win big with medals, bursaries and Pi-top Laptops at the annual Eskom Expo for Young Scientists

     17th October 2016 “To raise new questions, new possibilities, to regard old problems from a new angle, requires creative imagination and marks real advance in science,” said the great Albert Einstein. Learning and good grades are necessary, but to create tomorrow’s scientists we must help stimulate the creativity... 

Kwa-Zulu Natal learner wins top prize at the 36th Eskom Expo International Science Fair

     10th October 2016 S’nenhlanhla Dlamini from Ongoye Secondary School took home the top prize at the 2016 Eskom Expo for Young Scientists International Science Fair (ISF). The Grade 12 learner is the winner of a full scholarship to study in Germany sponsored by Siemens. Her project is entitled Smart Home Energy... 

SA Express won’t table results after failing auditor’s test 

By: News24Wire      30th September 2016 Public Enterprises Minister Lynne Brown said she won’t table the SA Express annual report for the 2015/16 financial year by the deadline on Friday as the airline failed to satisfy the auditor general's solvency and liquidity test. In a letter to the Speaker of Parliament Baleka Mbete on Thursday,... 

AMSA insists R2.27bn empowerment deal meets highest governance standards

By: Terence Creamer     28th September 2016 Steel producer ArcelorMittal South Africa (AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company... 

Brown: Unless economy in hands of majority, it's going nowhere

By: News24Wire      28th September 2016 The economy must be controlled by the black majority, said Public Enterprises Minister Lynne Brown. Brown spoke to media briefly following a closed meeting with the Black Business Council (BBC) in Sandton on Tuesday. 

Brown lauds Eskom leadership after Medupi unit comes on line

By: African News Agency      9th September 2016 Public Enterprises Minister Lynne Brown had high praise for Eskom CEO Brian Molefe and chairman Ben Ngubane on Friday after the Medupi power plant’s Unit 5 was synchronised to the electricity grid. Brown said their inspirational leadership had turned the embattled utility around. The unit adds an... 

In need of decisive leadership

By: Terence Creamer     9th September 2016 Given the fast-moving nature of developments surrounding State-owned electricity producer Eskom, it is quite possible that there may well have been new developments in the ongoing saga between the utility and independent power producers (IPPs) since the time of writing. Nevertheless, Eskom's... 

Medupi Unit 5 synchronised to South African grid

By: Terence Creamer     8th September 2016 Public Enterprises Minister Lynne Brown confirmed on Thursday that the second 800 MW unit at the Medupi coal-fired power station project, in Limpopo, had been synchronised to the grid. She said in a statement that Unit 5 – one of six being built as part of the 4 800 MW project – would become... 

Capital follows certainty, Cennergi warns amid IPP flux 

By: Terence Creamer     8th September 2016 South African independent power producer (IPP) Cennergi, which is a joint venture between Exxaro and Tata Power, warns of possible investor “flight” unless the prevailing uncertainty surrounding the future of IPPs in South Africa is urgently resolved. Speaking to Engineering News Online ahead of... 

Meeting between Brown, Old Mutual and Futuregrowth postponed to Sept 13

By: Creamer Media Reporter      8th September 2016 The Department of Public Enterprises reported on Thursday that a meeting between Minister Lynne Brown and the CEOs of Old Mutual and Futuregrowth Asset Management, which had been scheduled for September 8, had been postponed until September 13. Brown, who is Shareholder Minister for Eskom and... 

Brown to meet Futuregrowth, Old Mutual after ‘unfortunate’ funding suspension

By: Terence Creamer     6th September 2016 Public Enterprises Minister Lynne Brown, who is Shareholder Minister for Eskom and Transnet, will meet with the CEOs of Old Mutual and Futuregrowth Asset Management on September 8, following Futuregrowth’s suspension of financing to six State-owned Companies (SoCs), owing to governance concerns.... 

South African parastatals credible, reliable borrowers, says Brown

By: African News Agency      2nd September 2016 Public Enterprises Minister Lynne Brown on Thursday moved to assure investors that South Africa’s parastatals were on solid footing as she responded to news that a second money manager would suspend lending to the country’s state-owned companies. “I want to assure all lenders and investors that... 

Open letter to DA leader

By: Terry Mackenzie-hoy     2nd September 2016 Dear Mmusi Maimane When Creamer Media publishing editor Martin Creamer and I agreed that I would write this column, he said the column must not be smutty and it is not recommended that I write about politics. 

Editorial: Decisive leadership needed to address IPP impasse and industry structure 

By: Terence Creamer     1st September 2016 Eskom's hostility towards independent power producers (IPPs) can no longer be disputed, or ignored. The antagonism has also brought to the fore the oft-repeated warning about the genuine risk associated with the current structure of the industry, where IPPs are beholden to a dominant competitor... 

Amid worries over IPP-programme credibility, Eskom says issues being resolved

By: Terence Creamer     31st August 2016 A South African solar industry body has warned that the credibility of the country’s much-vaunted Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) is being threatened by ongoing delays to the programme, as well as uncertainty over Eskom’s willingness to conclude power... 

Eskom’s IPP pushback continues despite Cabinet endorsement 

By: Terence Creamer     30th August 2016 Despite Cabinet having insisted at its recent lekgotla that South Africa has no intention of “changing course midstream” in its support of the independent power producer (IPP) programme and notwithstanding that all determinations are in terms of official Ministerial determinations, State-owned... 

Bombardier opens new propulsion equipment production site in Isando 

By: Megan van Wyngaardt     25th August 2016 Rail technology provider Bombardier Transportation on Thursday inaugurated a new 6 000 m2 production site and headquarters in Isando. The facility will produce Bombardier Mitrac high-power propulsion equipment for use in the Transnet locomotives project, for which Bombardier is delivering 240... 

Govt sheds light on Zuma's role as head of SOCs

By: News24Wire      24th August 2016 The government clarified President Jacob Zuma’s role in the leadership of state owned companies (SOCs) on Tuesday, amid allegations of state capture where the Guptas use their friendship with Zuma as a way of winning contracts in the critical sector. The Guptas have been central figures in the... 

Eskom under fire as Ingula costs said to balloon to R36bn 

By: News24Wire      22nd August 2016 Eskom’s board is facing calls to appear before Parliament with documents relating to the Ingula pumped storage scheme, which has allegedly seen costs spiral from R8.9-billion to R36-billion. On July 27, President Jacob Zuma unveiled the first of four turbines at Ingula, which is on the border of... 

New unit to be set up to oversee rail local-content push

By: Terence Creamer     22nd August 2016 The Department of Public Enterprises and National Treasury will consolidate procurement for locomotives into a single institution, under Transnet, to ensure “efficiency and compliance with the localisation requirements”. The decision to set up the unit was made at the recent Cabinet lekgotla,... 

UNTU calls for railways police to be re-established 

By: African News Agency      1st August 2016 The United National Transport Union (UNTU) on Sunday urged the South African Police Service (SAPS) to re-establish the railway police. If the SAPS was serious about fighting the drastic increase in violent crime at railway stations across the country, it would re-establish the railway police as... 

$150m Brics bank facility seen helping ease South Africa’s grid bottlenecks

By: Terence Creamer     19th July 2016 State-owned electricity producer Eskom expects to finalise commercial terms with the New Development Bank (NDB), of the Brics grouping, for a $150-million facility in the next quarter, CFO Anoj Singh reports. A term sheet has been signed with the NDB and Singh reports that, once consummated, the... 

Denel denies Gupta capture 

By: African News Agency      15th July 2016 State-owned defence conglomerate Denel on Thursday sought to refute allegations that it had been co-opted by the Gupta family to give a R1-billion contract to VR Laser instead of LMT Holdings, which has cried foul and turned to the high court. "Denel wish to respond to the adverse reporting which... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119 Close