SA mines must decarbonise, decentralise and digitise

South African mines must adopt and invest in renewable energy technologies and energy efficiency measures as part of their sustainability measures. This will require a programme of decarbonisation, decentralisation and digitisation. The minister of energy, Jeff Radebe, speaking to the Energy and Mining Sectors session at the recent Investing in Mining Indaba, held at Cape Town’s […]

BUSA responds to Eskom’s latest tariff increase application

Using the established multi-year price determination (MYPD) application system, Eskom has applied to the national energy regulator, Nersa, for tariff increases in excess of three-times the current inflation rate for the next three successive years. In response, Business Unity South Africa (BUSA) has made the following submission to Nersa regarding the power utility’s fourth multi-year price […]

Managing expectations and opposition to the restructuring of Eskom

. There has been much speculation in the media on the pending restructuring and unbundling of Eskom. It is expected that President Cyril Ramaphosa will be giving some direction in this regard in his forthcoming state-of-the-nation address on Thursday 7 February 2019. For more than a year, in order to secure ongoing funding, there has […]

FirstRand joins exodus of banks withdrawing funding of new coal-fired power plants in SA

. FirstRand Bank has joined the exodus of local banks that were funding new coal-fired power plants in South Africa, and in particular the Thabametsi and Khanyisa independent power producer (IPP) projects. These two projects are included in the draft integrated resource plan for electricity, Draft IRP 2018, for completion in 2023 and 2024. The […]

Nedbank withdraws funding for new coal IPPs

. Nedbank lived up to its slogan as the “green” bank in a decision to  withdraw its funding of two proposed new coal-fired power stations in South Africa, Thabametsi and Khanyisa. This decision fits with the banking group’s commitment to “green” funding, responsible lending and supporting sustainability initiatives. The bank says its initial proposal for […]

Analysis paralysis over South Africa’s IRP for electricity presents massive economic risk

. It has been four months now since the release of the Department of Energy’s latest draft Integrated Resource Plan for electricity (Draft IRP 2018) for public comment on 27 August 2018, and two months since the closing date for public comments on 25 October 2018. So where’s the IRP? Initially energy minister Jeff Radebe […]