R10bn Eskom-Nersa settlement opens way for double-digit hike on April 1

The National Energy Regulator of South Africa (Nersa) and Eskom have reached an agreement to add R10-billion to Eskom’s allowable revenue in 2021/22, to be recovered through the tariff, pending the outcome of an appeal of a 2020 High Court ruling directing the regulator to immediately add back R23-billion of a larger R69-billion equity injection illegally deducted from the utility’s allowable revenue. The settlement was confirmed in a February 15 court order made by Justice Joseph Raulinga, who, on January 29, heard Eskom’s application to have the High Court order executed pending Nersa’s appeal to the Supreme Court of Appeal (SCA).
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Eskom could launch bidding for repurposing and repowering of Komati within two months

State-owned power utility Eskom is preparing a pioneering request for proposals (RFP) for the repowering and repurposing of the Komati power station, in Mpumalanga, which is among the first four coal plants scheduled for decommissioning in the coming few years. Eskom just energy transition office head Mandy Rambharos reported on Tuesday that the RFP could be released within the coming two months, once all outstanding governance matters had been settled both internally as well as with government.
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Upheaval is coming to South Africa over the shift away from coal

A photograph in the entrance hall at Komati Power Station shows the plant in better times, its nine generating units belching steam and smoke into the night sky. Those days are never coming back: Komati’s sole remaining working unit is facing closure within two years under plans by state power utility Eskom Holdings SOC to shut about a quarter of its coal-fired capacity by 2030. Next door at the Goedehoop mine, arrays of solar panels line the main access road, a sign of what may be to come for South Africa’s coal belt.
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