Eskom Holdings said it will give the transmission unit that it’s transforming into a separate entity a R39.9-billion loan to make sure it can complete projects and be financially viable. The loan will be guaranteed by the transmission unit’s assets with Eskom’s creditors able to call on them if the utility doesn’t pay them, it said in a presentation to creditors on Thursday. Government guarantees will remain in place. The company will be known as the National Transmission Company of South Africa, or NTCSA.
Industrial products and adhesives manufacturer Pratley offers a range of cost-effective electrical solutions available to assist contractors in a recovering construction industry. “It is important that one does not compromise on quality in favour of cost, which is especially important when it comes to safety-critical electrical termination equipment such as cable glands and junction boxes,” comments Pratley marketing director Eldon Kruger.
Last month, anti-corrosion coatings manufacturer Corrocoat announced it has been awarded a contract to protect 300 new pipe spools of various dimensions by a multinational energy client. The company say its Corroglass 600 series was the coating system selected for this project, as it offered the best long-term corrosion protection on the floating production, storage and offloading units.
As South Africa continues on its journey towards realising a just energy transition (JET), workers and unions have expressed their support for the move and for alternative sources of energy to be part of the energy mix, provided that labour plays a significant role, that its views are taken on board and that a social-ownership model is pursued. Associated Mineworkers and Construction Union (AMCU) organisational development head Krister Janse van Rensburg emphasises that a transition to a low-carbon development path is crucial to addressing climate change and resolving “the deep crisis” the South African economy finds itself in.
Industrial process technologies supplier Alfa Laval has launched its new Alfa Laval AC65 brazed plate heat exchanger at its first online net-zero launch event, where it showcased new, cutting-edge thinking in energy efficiency, clean energy and circular-economy solutions.
Over the past 24 months, companies requiring emergency boiler systems have succumbed to price increases to keep their steam operations functioning.
Rope access specialist Skyriders introduced the new Elios SkyEye drones last month for use in non-destructive testing when inspecting boiler internals at power stations.
Local boiler and burner supplier Combustion Technology has added two new boiler rental units to its rental offering.
Combustion management solutions provider Autoflame Engineering is delighted to announce that the company has been honoured with a Queen’s Award for Enterprise in the Innovation category.
President Cyril Ramaphosa outlined six steps for addressing the country’s electricity shortfall in a Budget Vote speech that was delayed and disrupted by opposition Members of Parliament who objected to the address from proceeding in light of a criminal complaint having been lodged against Ramaphosa in relation to the alleged theft of foreign currency from his Limpopo farm in 2020. Speaking against the backdrop of an intensification of load-shedding, Ramaphosa said government was “seized with the need to get as much new generation capacity on to the grid as possible, as quickly as possible”, confirming Eskom’s estimate that the shortfall could be as large as 6 000 MW.
INDUSTRY NEWS
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