Posts tagged as Eskom

Join the debate on the restructuring of Eskom

. You, your friends, colleagues, business associates and all interested persons are cordially invited to attend an open, energy sector debate to consider: Should Eskom be restructured, and if so, how and when? DATE: Thursday 10 May 2018 TIME: 15h00 for 15h30 to 18h00, with drinks and snacks thereafter VENUE: Axiz Auditorium, International Business Gateway, […]

The transition to a low carbon future must be rapid, and must be for everyone

In response to the interdict sought to stop yesterday’s signature of the Power Purchase Agreements (PPAs) for 27 renewable independent power producer procurement programme (REIPPPP) projects, the Life After Coal Campaign emphasises the urgent need for a rapid, but just transition from coal to a low carbon future. Workers in power stations and coal mines […]

Renewable energy: Friend or foe?

The new minister of energy, Jeff Radebe, says that outstanding power-producers’ agreements (PPAs) with independent power producers (IPPs) will be signed on 13 March 2018. But while the renewable energy industry celebrates the minister’s promise, the voices of those opposed to this technology are growing louder, and in some cases more aggressive. The PPAs the […]

Eskom gets another S&P downgrade following 2018 Budget

S&P Global Ratings has again downgraded the long-term debt of Eskom. The power utility’s debt has been rated ‘CCC+’, the seventh rung of non-investment grade, with a negative outlook. It was previously classed as ‘B-‘, the sixth rung of junk debt. In a media statement S&P said the cash-strapped power utility remains at risk of a default in […]

Fifty actions to address the Eskom and electricity supply industry mess

A question often asked of me recently by radio and TV presenters, print and electronic media journalists, is what exactly needs to be done by the new Eskom board and chairman in the weeks, months and year ahead to steady the ship and steer the utility in the right direction. Over the last eight months, […]

Eskom’s financial crisis and the viability of coal-fired power in South Africa

Meridian Economics published a report recently on Eskom’s financial crisis and the decreasing demand for electricity while its costs continue to rise dramatically, driven primarily by its new-build programme. This is the executive summary of the report. The South African power system has reached a crossroads. Eskom, the national power utility, is experiencing an unprecedented period […]