Posts tagged as Eskom

Eskom’s financial problems – how is it going to dig itself out of the hole?

  The Helen Suzman Foundation’s legal counsellors have taken a good look at Eskom’s financial statements for the year ended 31 March 2017, which were released on 19 July 2017.  The purpose of this brief is to highlight the major cash flow issues which it will have to confront over the next few years. The […]

New data shows benefits of renewable energy

  The Renewable Energy Data and Information Service (REDIS) has been updated with new data up until June 2017. REDIS provides project data for 121 renewable energy generators, and now features more than one million hourly electricity production data records from 83 plants in operation, from April 2012 to June 2017. In this REDIS update, […]

Eskom has over-recovered R7,6-billion in renewables-related costs since 2014

  Acknowledgement: This article was published here by Engineering News, and is republished with permission. Mike Levington, SAPVIA member and MD of energy resources company Navitas Holdings, reveals that because R38,5-billion of renewable energy purchases is already factored into the average Eskom sales tariff, Eskom has over-recovered some R7,6-billion through IPP tariffs since 2013/14. The […]

Eskom borrows a further US$1,5-billion from Chinese bank

  Eskom has signed a US$1,5-billion (approximately R19,6-billion) loan agreement with the China Development Bank (CDB). This is the second such loan the power utility has negotiated with CDB, the first being for $500-million last year.  The period over which these amounts may be drawn by Eskom is said to be five years, with a […]

How to address non-technical risruptives in the energy sector

  Credit rating movements, exchange rate volatility, political shuffles, legal challenges, foreign elections and local activists all add to the turbulence of the world in which we live and work. How is the energy sector impacted and how should it react?  Perhaps, like a super-tanker, the sector has too much inertia to be affected by […]

Eskom told to restart R4-billion Duvha tender

  The Johannesburg high court interdicted Eskom on Friday from continuing with a controversial R4-billion tender to replace power station Duvha’s damaged boiler. Eskom awarded the contract to Chinese firm Dongfang in March, even though it quoted R1-billion more than its rivals. But in April losing bidders General Electric, along with Murray & Roberts, approached […]

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