Diesel and load-shedding feature in summer outlook as Eskom’s maintenance recovery takes longer …

State-owned electricity utility Eskom says its reliability maintenance recovery (RMR) interventions have not yet succeeded in stabilising the performance of its unpredictable coal fleet and that more than year of ongoing maintenance is needed to address the poor performance of its generation assets. When Eskom announced the RMR in early 2020, it indicated that it expected that the intervention would help ease, albeit not eliminated, the risk of load-shedding by about October this year.
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Availability of sustainability funding driving changes in legal agreements

Demand for sustainability-linked loans is surging and banks are competing to offer this new form of finance in South Africa, which is driving legal firms like Webber Wentzel to innovate in the loan terms and agreements that they are drafting for clients, say Webber Wentzel partners Khurshid Fazel and Karen Couzyn. A sustainability-linked loan or a sustainability-linked debt security, collectively referred to as SLL, is different from a green bond.
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City Power agrees to implement load-shedding after talks with Eskom

Electricity utilities Eskom and City Power have agreed on efforts to protect the national grid, while also reducing the impact of load-shedding on Johannesburg residents and businesses.

At the weekend, City Power had initially said it would not implement load-shedding, as it had secured additional power supply from private generator, the Kelvin power station.

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Eskom to jointly develop solar projects with Exxaro, Seriti

Coal miners Exxaro and Seriti Resources are joining forces with State-owned power utility Eskom to jointly develop renewable energy projects.

The landmark memorandum of understanding (MoU) signed between the parties on October 25 spells out the companies’ development plan to lower their carbon footprints.

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