AIIM to provide R1.6bn to support establishment of renewable energy platform

One of Africa’s largest infrastructure-focused private equity fund managers African Infrastructure Investment Managers (AIIM) has agreed to provide initial equity funding of up to R1.6-billion to support the establishment of a new renewable energy platform NOA Group Holdings to deliver net-zero energy solutions for Africa. The transaction will be financed through a mix of equity provided by AIIM’s South African IDEAS Fund and the latest iteration of AIIM’s dollar-denominated pan-African investment fund AIIF4.
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Another coal truck driver arrested at Camden power station

State-owned Eskom has reported that another coal delivery truck driver has been arrested at the Camden power station, in Mpumalanga, after he was found in possession of subgrade coal destined for use by the power utility.   The truck belongs to a transporter that is contracted to deliver coal to Eskom. Two other truck drivers were arrested two weeks ago at the same power station for being in possession of stolen coal. 
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Coal truck driver apprehended at Eskom’s Camden station a week after ‘sabotage’ arrest

A truck driver was arrested at Eskom’s Camden station on Tuesday for allegedly tampering with coal, just a week after the utility caught a contractor trying to sabotage operations at the same station. The truck belongs to a company contracted to deliver coal to Eskom. Two other drivers were arrested at the same power station while in possession of stolen coal two weeks ago.
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Eskom diesel plan will be announced in the coming days, says Gordhan

A plan to deal with Eskom’s diesel crisis will be announced in the coming days, Public Enterprises Minister Pravin Gordhan told Parliament on Wednesday. Eskom said last week that it had overspent its budget for diesel and had no more cash to buy new stocks until 1 April. Diesel is used to run Eskom’s two open-gas cycle turbine power plants, each of which can ward off a stage of load shedding.
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Southern Africa’s largest man-made dam drains to record low

Water levels at the Kariba reservoir, Southern Africa’s largest man-made dam, have dropped to a record low. The dam had 5.63% of usable storage on Monday compared with 27% at the same time last year and less than the previous low set almost three decades ago, according to data available on the Zambezi River Authority’s website. Normally, water levels start rising in January.
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