South Africa gearing up to negotiate ‘new paradigm’ climate finance deal

South Africa aims to pursue a financing solution that embraces a “different paradigm” with regard to the allocation of risk, as well as return expectations and investment horizons, when negotiating the terms and conditions of a $8.5-billion climate finance offer made in November by several developed countries. A ‘Political Declaration on the Just Energy Transition in South Africa’, which incorporates the financing offer, was signed with the European Union, France, Germany, the UK and the US on the side-lines of the COP26 climate talks, in Glasgow, Scotland.
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Stage 2 load-shedding kicks in on Monday evening, says Eskom

Stage 2 load-shedding will “regretfully” be implemented from 17:00 until 22:00 on Monday evening, Eskom said in a statement.  The previous bout of load-shedding was suspended just two days previously, on Saturday. Earlier, Eskom said the power system had recovered sufficiently to meet the demand during the day. “[But] Eskom would like to caution the public that load-shedding might be required at short notice during the evening peaks should there be further breakdowns in currently available capacity,” the utility said. Eskom had expected to return to service a generation unit each at Kusile and Kendal power stations before Monday evening. But it warned that should either of these units fail to return to service, there would be an “increased probability” of load-shedding at short notice.
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Eskom appoints Mathebula as acting generation exec as Dukashe resigns

State-owned utility Eskom has announced the resignation of generation group executive Phillip Dukashe, whose last day will be on May 31 after having served 26 years in the company. In his resignation letter and discussions with Eskom executives, Dukashe cited the critical need to achieve a balance for the benefit of his health, family and work responsibilities.
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Eskom warns of load-shedding at short notice on Monday evening

The power system will be severely constrained on Monday evening, with the possibility of load-shedding at short notice should there be any unit breakdowns, Eskom warned on Monday. Load-shedding was suspended on Saturday, and the power system has recovered sufficiently to meet the demand during the day.
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Eskom warns of load-shedding at short notice on Monday evening

The power system will be severely constrained on Monday evening, with the possibility of load-shedding at short notice should there be any unit breakdowns, Eskom warned on Monday. load-shedding was suspended on Saturday, and the power system has recovered sufficiently to meet the demand during the day.
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Ramaphosa positive about electricity reform progress despite power cuts and procurement delays

President Cyril Ramaphosa has attempted to put a positive gloss on the uneven progress being made under Operation Vulindlela to reform South Africa’s load-shedding-prone electricity supply industry. Writing in his weekly newsletter, he said that “a number of important, interconnected reforms are under way to change the way that we generate and consume electricity”.
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