Eskom powers ahead with nuclear plans, report shows

Despite terminating its nuclear new build request for information in 2017 following a court decision to halt the process, Eskom is powering ahead with plans in preparation for the tender programme to be rebooted.  Acting Eskom Group CEO Sean Maritz Nuclear vendors from France, Russia and China had prepared lengthy documents to submit to Eskom […]

Eskom’s sales, revenue and debtor management challenges

The low electricity price increase granted by the regulator, NERSA, for the 2016/17 financial year, coupled with declining sales volumes, rising costs and debtor payment challenges, are all working to put Eskom’s revenue, cash flow and bottom line under severe pressure. As a result, the Eskom Group profit of R6,38-bilion for the 6-month period ending […]

Eskom should curtail Kusile construction, decommission older coal-fired power stations to save costs

New research shows that Eskom should decommission its older coal-fired power stations and consider curtailing the Kusile construction programme to save costs. These interventions can be achieved without affecting security of supply. The study, “Eskom’s financial crisis and the viability of coal-fired power in South Africa: Implications for Kusile and the older coal-fired power stations” […]

An alarming picture emerges as Eskom’s liquidity dries up

A final draft report from Eskom to its shareholder for the 2nd quarter of 2017 ending 30 September 2017 paints an alarming picture of funding difficulties and declining liquidity (cash and cash equivalents plus investments in securities), primarily driven by perceptions of poor governance. The report, which has been viewed by EE Publishers and Fin24, […]

Eskom executive appointed President of GO15 steering board

Thava Govender, Eskom’s group executive for transmission and acting group executive for risk and sustainability has been appointed as the president of the GO15 steering board for 2017/2018. Speaking at the GO15 annual meeting in Belgium, Govender said that as the new President, he has a personal stake – both emotionally and professionally, in the […]

Key Eskom witnesses fail to appear at Koko’s disciplinary hearing

After some initial delays, the disciplinary hearing of suspended head of generation and former acting CEO at Eskom, Mr. Matshela Koko, got off to a rocky start at about 17h00 on Wednesday 18 October 2017 in the Franklin Auditorium at Eskom Megawatt Park, Johannesburg. The disciplinary hearing relates to widely reported allegations of nepotism and […]

Battery pilot could power up 1600 jobs

A new research pilot plant for manufacturing materials used in batteries could ultimately lead to the creation of 1600 jobs.  Science and Technology Minister, Naledi Pandor, launched the Lithium Ion Battery (LIB) precursor pilot plant facility, established in partnership with the University of Limpopo, in Mbombela this week. The facility’s project manager, Danie Theron, said […]

City of Tshwane / PEU smart prepayment metering contract judged invalid

The North Gauteng High Court on Friday declared all the City of Tshwane’s agreements with PEU Capital Partners and its implementing agent TUMS constitutionally invalid. The court further ordered that R950-million in a special trust account set up for the purchase of PEU’s infrastructure be released to the city immediately. City of Tshwane Mayor Solly […]

Judges request Tshwane/PEU settle “unlawful” prepayment meter contract and involve Accenture

Moneyweb has learnt that three High Court judges on Tuesday requested business grouping AfriSake, the City of Tshwane and its controversial smart metering contractor PEU Capital Partners to try to reach a settlement. This came on the eve of the hearing of a review application launched by AfriSake and aimed at having certain agreements between […]

Dedication event for 66 MW solar PV plant declared a national key point

Enel Green Power South Africa (EGP RSA) held a dedication event on 20 September 2017 when its first large scale solar project in South Africa was declared a National Key Point for energy supply by the South African Police Service, making it the first EGP RSA facility to be given this recognition. The 66 MW […]

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