South Africa should not shy away from spending to fix the country’s power crisis, its electricity minister told Reuters, ahead of a cabinet decision later this month on his proposals to end the worst power blackouts on record. Kgosientsho Ramokgopa, appointed last month to the newly created role, was speaking in an interview less than two months after the National Treasury granted state utility Eskom R254-billion of debt relief over the next three years.
The National Energy Regulator of South Africa (Nersa) has hosted public hearings into an application by the National Transmission Company South Africa (NTC) for the three licences it requires to begin operating as an independent subsidiary of Eskom Holdings, in line with the unbundling “journey” first outlined by the Department of Public Enterprises (DPE) in 2019. The vertical separation of the grid company from Eskom is seen as a crucial step for levelling the playing field between Eskom Generation and independent power producers (IPPs), as well as for ensuring that sufficient transmission assets are funded and built to facilitate new generation investment.
The OPEC Fund for International Development (OPEC Fund) and the United Nations Industrial Development Organisation (UNIDO) have signed an agreement to provide a $1.5-million in grant funding for technical assistance support for Madagascar’s National Clean Cooking Transition Programme. The two agencies also signed a declaration to reinforce their partnership in promoting the energy transition and securing access to energy. “We are very pleased to expand our cooperation with UNIDO and to support our flagship clean cooking programme in Madagascar with UNIDO’s vast technical and advisory expertise, which is critical for effective implementation,” enthused OPEC Fund director-general Dr Abdulhamid Alkhalifa.
The Gordon Institute of Business Science (GIBS) will host a Renewable Energy Dialogue to discuss key issues critical to supporting the efforts to end loadshedding in South Africa on its campus in Illovo, Johannesburg, on April 20. The dialogue will focus on unpacking the executive decision, analytics and strategy consultancy Meridian Economics’ report on ‘Resolving the Power Crisis: Insights from 2022’ and unpack the report on resolving the power crisis by adding more renewable energy into the Eskom power grid.
Almost two-thirds of township businesses have been forced to shed jobs because of loadshedding, according to a new report. But business owners say the situation is even direr – they face closing if the power outages continue. According to the Nedbank Insights Report, conducted in partnership with the Township Entrepreneurs Alliance (TEA), 64% of small township businesses cease operations during loadshedding and almost 66% of business owners have cut jobs because of loadshedding.
Criminality was the likely cause of the collapse of seven pylons, which supported 132kV powerlines, on the N4 in Pretoria on Sunday night, according to City of Tshwane Mayor Cilliers Brink. “There are now clear indications that at least three of the pylons had been vandalised. So, indeed, there are strong indications that criminality played a role here,” he said in an update on Monday.
Spain is providing €2.1-billion ($2.3-billion) to help fund South Africa’s energy transition and water needs, even as some of the world’s richest nations struggle to push forward on a ground-breaking climate-finance initiative with the continent’s most-industrialized country. The Spanish funding is being provided through a mixture of financial instruments, with the country’s government working with its development finance institution, Cofides, and South Africa’s Industrial Development Corp., said Ambassador Raimundo Robredo Rubio.
Energy development company Siemens Energy on April 6 highlighted the benefits of its new solar thermal energy and storage solution, highlighting the potential it could have to “revolutionise” the way in which energy is produced and used to power society. Outlining the innovation, Siemens Energy project director Dr Ulrich Hueck said solar power exceeds all other energy reserves; therefore, there needs to be a means to make use of it at night, with it having the potential to power the world during the day.
Tax-leveraged investment specialist Anuva Investments has successfully deployed funds raised through the Anuva Green Energy partnership to conclude the purchase of 23 solar projects, equivalent to 11 MW of power from independent power producer Decentral Energy. The funds have been raised through a tax-leveraged structure and have allowed shareholders to benefit from the investment into Decentral’s solar projects by making use of the South African Revenue Services’ (Sars’) Section 12B tax incentive.
The Minister in the Presidency responsible for Electricity, Dr Kgosientsho Ramokgopa, intends presenting Cabinet with a list of options before the end of April that he says will outline ways to accelerate efforts to tackle growth- and confidence sapping loadshedding. If adopted these could result in changes to the timelines outlined in the Energy Action Plan (EAP), which has been widely consulted with stakeholders and which the Minister has been appointed to implement.
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