R/€ = 19.07 Change: 0.09
R/$ = 16.84 Change: 0.06
Au 1705.45 $/oz Change: 3.79
Pt 825.90 $/oz Change: -0.30


Lessons from Brazil and India as South Africa gets set to resume renewables auctions  

By: Terence Creamer     10th March 2020 Auctions have proved extremely successful for driving down the cost of wind and solar photovoltaic (PV) tariffs in both Brazil and India in recent years and are, thus, set to remain the main instrument for introducing yet more variable renewable-energy capacity. Nevertheless, specialists from... 

Malawi seeking a strategic investor for 350 MW hydropower plant

By: Marcel Chimwala     17th January 2020 The Malawi Government is seeking a strategic investor to develop the 350 MW Mpatamanga Hydro Power Plant on the Shire River, which is estimated to cost US$472-million.   

Australia ready to supply Asian demand - Canavan

By: Esmarie Iannucci     17th December 2019 A new report by the International Energy Agency (IEA) has shown that growth in coal demand from India and other Asian countries would offset declining demand from European nations and from the US, with Australia poised to take up a greater share of coal supply. In its Coal 2019 report launched... 

DRC reverts to 4 800 MW plan for Inga

By: Bloomberg     16th December 2019 The Democratic Republic of Congo (DRC) will proceed with a smaller version of the Inga III hydropower project and expand the facility over time, President Felix Tshisekedi said. The Inga III dam, which will begin as a 4 800 MWplant, will have its capacity increased to 7 500 MW and 11 000 MW... 

Water levels at world’s biggest dam sink to two-decade low

By: Bloomberg     10th December 2019 The Kariba dam has plunged to its lowest level since 1996, raising further risks to the hydropower plants that Zimbabwe and Zambia depend on for nearly half of their power. Water levels at the world’s largest man-made freshwater reservoir that straddles the two countries, fell to 10% of usable... 

Victoria Falls shrink to a trickle, feeding climate change fears

By: Reuters     6th December 2019 For decades Victoria Falls, where southern Africa's Zambezi river cascade down 100 metres into a gash in the earth, have drawn millions of holidaymakers to Zimbabwe and Zambia for their stunning views. But the worst drought in a century has slowed the waterfalls to a trickle, fuelling fears that... 

Zambian farm looks to install a solar microgrid

By: Marleny Arnoldi     22nd November 2019 A Zambian farm input supplier, African Green Resources (AGR), plans to invest $150-million in an irrigation dam and 50 MW solar project at a farm in the Mkushi farming block, in Zambia. AGR chairperson Zuneid Yousuf says engineers from global solar power firm Vico Solar will visit the site in... 

Saville stresses importance of this year’s MTBPS

By: Marleny Arnoldi     28th October 2019 Cannon Asset Managers founder and CEO Dr Adrian Saville believes the upcoming Medium-Term Budget Policy Statement (MTBPS) might be the most important one for South Africa yet. With a resurgence of load-shedding, crisis-level unemployment rates and economic growth teetering between 0% and 1%,... 

Egypt accepts invitation to meet in US over Ethiopia dam dispute

By: Reuters     23rd October 2019 Egypt said on Tuesday it had accepted a US invitation to a meeting of foreign ministers over a project for a giant hydropower dam on Ethiopia's Blue Nile that is causing an escalating spat between the two African countries. The meeting of foreign ministers of Egypt, Ethiopia and Sudan, the three... 

Power supply issues disrupt production at Liqhobong

By: Creamer Media Reporter      4th October 2019 Aim-listed Firestone Diamonds' share price on the LSE fell by nearly 28% on Friday after it announced that power supply issues had disrupted production at its 75%-owned Liqhobong diamond mine, in Lesotho. The mine receives its electricity from the Muela hydropower station (MHS), which is owned by... 

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