Posts tagged as Eskom

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 […]

Thabametsi coal plant given go ahead despite staggering climate impacts

On 30 January 2018, Edna Molewa, the minister of environmental affairs, issued a long-awaited decision in relation to the environmental authorisation for the Thabametsi coal-fired power station. The Minister has decided that – despite the undisputed evidence of the significant climate impacts of the power station, and a landmark judgment of the High Court last year, […]

Power transformer company wins two-year frame contract

A multimillion rand two-year frame contract awarded by Eskom to Actom Power Transformers represents an extension of the range of power transformers covered compared with the previous frame contract. The current contract, effective from April 2017 through to March 2019, covers the production and supply of power transformers of 1,25 MVA up to 160 MVA at […]