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, […]

South Africa should open the door wider for renewables

South Africa’s advanced industrial and financial sectors, together with its abundant natural resources, have contributed in making it the second largest economy in Africa. But to bring power to the remotest corners of the country, to maintain its economic growth momentum and to reduce its carbon footprint, it must accelerate the adoption of efficient, economic, […]

South African coal faces bleak outlook

South Africa’s coal mining industry is on the brink of permanent decline as the country’s main export markets prepare to reduce reliance on imports and global divestment from fossil fuels increases at an exponential rate. Eskom and Sasol, which together take nearly two thirds of the 250-million t of coal produced by South African mines […]

South African coal exports outlook: Approaching long-term decline

. The Institute for Energy Economics and Financial Analysis (IEEFA), a respected international energy think-tank, published an important new report on 16 September 2019 on the future outlook for South African coal exports, which points to an industry in long-term decline with significant risks ahead. The Executive Summary of the IEEFA report is provided below […]

Analysis: Eskom unveils next stage of restructuring and turnaround plan

. A leaked Eskom vision and strategy document, apparently prepared by the Boston Consulting Group for Eskom, has revealed the next steps of a long-awaited restructuring and turnaround plan for the embattled utility.  The document was presented on 22 August 2019 to the Eskom Executive Forum, a group of about 600 senior Eskom managers and […]