Energy and chemicals group Sasol expects to invest the bulk of the R15-billion to R25-billion it is budgeting to facilitate a 30% reduction in its carbon emissions by 2030 between 2025 and 2027, having spent only modest capital on such projects to date. The expenditure forms part of the JSE-listed group’s yearly ‘maintain and transform’ capital budget, which is expected to rise to between R26-billion and R27-billion in its 2023 financial year.
South Africa’s state-owned power utility Eskom is considering disconnecting the City of Tshwane, which includes the nation’s capital, Pretoria, due to the municipality failing to pay its outstanding debt. Tshwane breached the electricity supply agreement it has with Eskom by failing to pay R1.6-billion, which was due and payable on Aug. 17, the utility said in a statement on Twitter on Tuesday.
State-owned utility Eskom and the South African Renewable Energy Technology Centre (Saretec) have signed a memorandum of agreement (MoA) to formalise the collaboration between the two entities in developing renewable energy artisan skills in South Africa to support the implementation of Eskom’s just energy transition (JET) strategy. In support of this strategy, Eskom has a pipeline of clean energy projects at various stages of development and has acknowledged that there is a “dire” lack of skills along the value chain.
INDUSTRY NEWS
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- Eskom welcomes S&P rating upgrade to positive from stableNovember 27, 2024 - 11:04 am
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