Posts tagged as electricity

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 […]

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 […]

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, […]

Financial institutions are restricting thermal coal funding

To date, over 100 globally significant financial institutions have announced their divestment from coal mining and/or coal-fired power plants. When significant investors act, global momentum increases. New announcements are occurring on average every week. One of the most recent to publish its policy on thermal coal financing is First Rand. The organisation says it recognises […]

Too late for gas to save a looming power deficit?

It is already too late to hope that the introduction of gas generation in the new energy mix would contribute to avoiding the projected power deficit from about 2023, according to panelists at a recent gas forum. The consensus was that to implement such a project would require at least six years, if everything was […]

Too late for gas to save a looming power deficit?

It is already too late to hope that the introduction of gas generation in the new energy mix would contribute to avoiding the projected power deficit from about 2023, according to panelists at a recent gas forum. The consensus was that to implement such a project would require at least six years, if everything was […]

Data helps governments, entrepreneurs expand access to clean electricity in East Africa

Nearly 840-million people worldwide do not have access to electricity and most of them reside in sub-Saharan Africa. In East Africa the numbers are staggering: Nearly 13-million people in Kenya (25%), 38-million people in Tanzania (68%) and 31-million people in Uganda (78%) lack access to electricity. Using data to link growing electricity demand with clean […]

Without ongoing financial support from government, Eskom will collapse

Eskom’s chairperson and acting CEO, Jabu Mabuza, says that the power utility is no longer able to borrow money from financial institutions – because it is struggling to meet the commitments on its massive existing debt – and that its only short-term option is to turn to the shareholder (i.e. the South African government) for […]

Electricity supply challenges are credit negative, with metros most affected

Municipalities in South Africa are heavily dependent on surpluses from the sale of electricity [1]. In FY2018, surpluses [2] from electricity distribution comprised roughly 44% and 46% of gross operating balance for rated metropolitan municipalities (metros) and local municipalities, respectively, leaving municipalities vulnerable to supply and demand dynamics in the sector. Over the past two […]

No loadshedding this summer, we hope, says Eskom

  Eskom says no loadshedding since March and the synchronisation of the final generating unit at Medupi shows that its turnaround strategy is working. Speaking at the power utility’s latest State of the System briefing recently, Jabu Mabuza, the chairman and acting group chief executive, said that the utility’s nine-point plan is bearing fruit. No […]