New report assesses SA companies and banks’ response to climate risks

. The Centre for Environmental Rights (CER) launched the fifth assessment in its Full Disclosure Series today, 25 November 2019. The new report, entitled “Full Disclosure 5: The Truth About South African Banks’ and Companies’ Ability to Identify and Address Climate Risks”, considers South African banks’ and companies’ disclosure of and engagement with climate risks. […]

Roosevelt Park substation’s upgrades are complete

The Roosevelt Park substation in Randburg, which had been responsible for the many power outages over the years, has been refurbished by City Power at a cost of R133-million. This substation, like many others across the city, is 65 years old. Refurbishments had not been undertaken in over 25 years. Over the past three years […]

Finally! New Eskom CEO appointed

The Department of Public Enterprises has announced that Andre de Ruyter, the CEO of Nampak has been appointed CEO of Eskom. The Department says he will take up his new position on 15 January 2020. Apparently, de Ruyter has a lot of experience in energy-related business having worked at Sasol for over 20 years. Click […]

Government’s roadmap to “reform” SA’s electricity industry

On Tuesday 29 October 2019, South Africa’s Department of Public Enterprises published its “Roadmap for Eskom in a reformed electricity supply industry“. The report states that Eskom will be divided into three operational entities; that power stations will compete with one another to reduce the cost of electricity to users for the good of the […]

Explosive letter sent to Parliament’s energy oversight committee by Necsa board

An explosive letter, dated 17 October 2019, from the current Nuclear Energy Corporation of South Africa (Necsa) board to the Parliamentary Portfolio Committee on Minerals and Energy, reveals startling new information relating to the misuse of Necsa’s funds by the former board under fired former chairman Kelvin Kemm and former CEO Phumzile Tshelane. The letter […]

Medupi magic fails Eskom and South Africa – the stuff of nightmares

Following major problems that brought Eskom’s Medupi power station to its knees during the height of the load shedding last week, Medupi’s power station manager, Rudi van der Wal, is leaving Eskom to take up a position overseas. Van der Wal had resigned before the mess started, and was due to leave in about two […]

Government urged to expedite IRP

The minister of mineral affairs and energy, Gwede Mantashe, says the long-awaited integrated resource plan (IRP) for electricity will go before Cabinet this week. Business Unity South Africa’s (BUSA’s) president Sipho Pityana, is urging the government to expedite the gazetting of a least-cost, least-regret option which will power the economy and create and sustain jobs. Pityana […]

Wild Fire Fiasco: California utility’s decision to shut off power to avoid wild fires backfires

. Following the devastating wild fires in 2017 and 2018, for which the Pacific Gas & Electric Company (PG&E) was found to be partially at fault, the utility’s finances have taken a dive. Its liabilities from scores of lawsuits exceeds its assets by a wide margin, the standard accounting definition for being bankrupt. Of course, […]

Eskom rejects Nersa’s decisions regarding MYPD4 – heads to court; Nersa responds

According to Eskom, the reasons given by the National Energy Regulator of South Africa (Nersa), regarding allowed electricity tariff increases for the next three years, undermine the power utility’s ability to achieve financial sustainability. The utility says the reasons given do not align with the regulator’s own guidelines and will seek urgent financial relief.  Nersa regulates the tariff Eskom may charge for electricity through […]

International partners launch regional wind association for SADC

A collaborative effort between major players in the wind energy industry are creating a non-profit industry body which will work across sixteen countries to ensure wind power is fully utilised in the journey towards universal access to sustainable energy services in Southern Africa, while boosting jobs, skills and economic development. This collaboration resulted in the […]