Eskom warns of ongoing injections unless solution is found to ‘unsustainable’ debt

State-owned power utility Eskom’s debt burden remains “unsustainable” despite an R81.9-billion reduction in its gross debt to R401.8-billion in the year to March 31, 2021, during which the entity remained a going concern only because of a R56-billion government injection. The utility reported a slightly improved loss of R18.9-billion (R20.7-billion) for the year but also indicated that it would continue to require taxpayer support for the foreseeable future, with government having already injected the R31.7-billion pledged for the 2022 financial year.
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DBSA expects strong demand for $200m embedded-generation scheme amid regulatory reform tail wind

The Development Bank of Southern Africa (DBSA) is optimistic that there will be a significant uptake of its $200-million Embedded Generation Investment Programme (EGIP) in light of recent regulatory changes exempting sub-100 MW facilities from licensing and enabling distributed plants to both wheel electricity and sell to multiple customers. Funded in equal parts by the Green Climate Fund (GCF) and the DBSA, an official call for proposals for participation in the scheme was launched on August 4, with a closing date of September 30.
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Trina Solar expanding its presence in East, Central Africa

Global photovoltaic (PV) and smart energy solutions provider Trina Solar has appointed Solinc East Africa, in Kenya, as an official distributor to supply its products and solutions in East Africa. This forms part of Trina Solar’s commitment to further increasing its footprint and presence in Africa to cater to the rapidly growing demand for solar energy, the company says. 
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Eskom considers R106bn in wind and solar investment by 2030

Eskom Holdings, which supplies almost all South Africa’s electricity from coal-fired power plants, is considering spending R106-billion on wind and solar energy by 2030. The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition to move away from coal by taking advantage of the nation’s abundant wind and solar resources.
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