Engagements with management at five of Eskom’s coal-fired power plants so far suggest it is technical and investment issues, and not corruption, adversely affecting the performance of the utility’s fleet, the newly appointed minister of electricity has said. Minister Kgosientsho Ramokgopa is visiting each of Eskom’s 15 power stations, including Koeberg. Speaking to the media during a visit to the Tutuka power station on Wednesday – the fifth of the plants which the minister will visit – Ramokgopa said he would not speak about corruption in aggregate terms.
A partnership to make solar panels and integrated renewable energy systems in South Africa more readily available was launched on March 22 between Magneto Renewable Energy (MRE), Chinese tier one solar panel manufacturer Longi and electrical systems supplier Lubanzi Inala.
Located in Midrand, the partnership is using an intermediate warehouse to stock Longi solar panels and Lubanzi inverter systems, but plans to move nearby to an 11 000 m2 warehouse, where it will add two mezzanine levels to take storage space to about 30 000 m2.
As financial services provider Absa continues on its mission to support solutions that contribute towards a sustainable future, the bank has provided advisory services and financing for another landmark deal in the South African energy sector.
Absa Corporate and Investment Banking has assisted in Infinity Power Holding’s (IPH’s) acquisition of Lekela Power.
A record 295 GW of new renewable-energy capacity was added globally in 2022, with the 9.6% year-on-year growth underpinned largely by record growth in solar photovoltaic (PV) installations, which accounted for almost two-thirds of all new renewables additions with 192 GW installed. The International Renewable Energy Agency’s (Irena’s) ‘Renewable Capacity Statistics 2023’ report shows that with installations of 75 GW wind power came in as the second most deployed renewables technology in 2022, but at a pace that had slowed materially from the 111 GW of wind added in 2020.
First Rand’s Rand Merchant Bank (RMB) has acquired a 25% stake in Remgro’s Ubiquity Energy platform, the holding company of Energy Exchange, which is an electricity trader licensed by the National Energy Regulator of South Africa. The value of the acquisition has not been disclosed.
UK State development finance institution British International Investment (BII) has announced that it is committing €20-million to the Meridiam Group’s TURF (The Urban Resilience Fund), which is dedicated to projects in sub-Saharan Africa. Meridiam is an independent investment public benefit and asset management group, focused on the development, financing and long-term management of sustainable public mobility, public services and low-carbon infrastructure. It is based in Paris, in France (hence the UK commitment being in euros, not sterling). TURF is focused on funding and supporting the design of climate-focussed urban infrastructure in sub-Saharan African countries. It seeks to make African urban public infrastructure more affordable and reliable, while improving safety and ensuring climate resilience.
The first Unit 1 steam generator at the Koeberg power station has been removed from the containment building and placed into an on-site storage building – a development that Eskom describes as a major milestone for a project that has had numerous false starts during previous outages. However, the State-owned utility has also confirmed that, as a result of “unexpected challenges” during the current long-duration outage, the original return to service date of early June is “no longer achievable”.
Zimbabwe’s new 300 MW coal-fired power generating unit started feeding electricity into the national grid late on Monday, the State power utility said, as it moves to ease extended outages that have impacted businesses and households. The southern African country is expanding its 920 MW Hwange thermal power station by adding two 300 MW units at a cost of $1.4-billion, with 85% of the funding coming from China.
Ugandan President Yoweri Museveni has reaffirmed his government’s policy of including nuclear power in the country’s future energy mix, World Nuclear News has reported.
He was addressing the 2nd Africa Nuclear Business Platform conference, which was held in the country’s capital, Kampala, last week. The conference also saw Uganda sign two international Memoranda of Understanding (MoUs) on nuclear cooperation and development.
The sixty-day period for public comment on Koeberg nuclear power station operating beyond its licenced timeframe in 2024 has lapsed on March 16.
The National Nuclear Regulator (NNR) will now consider the written representations received from January 8 and announce in due course whether further public debate on the extension of the licence is necessary, keeping mind of health, safety and environmental issues.
INDUSTRY NEWS
- DMRE to push for Cabinet approval of new-look IRP by end-March despite big revisionsNovember 26, 2024 - 6:04 pm
- NTCSA appoints EPC suppliers for transmission substationsNovember 25, 2024 - 5:05 pm
- Eskom finalises technical breakthrough enabling it to extend deadline for meter conversionsNovember 25, 2024 - 1:04 pm
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