Sasol prioritising coal de-stoning investment as it seeks to allay fears over big Secunda output dip

Energy and chemicals group Sasol has moved to address investor concerns that its yearly production at Secunda will need to fall to only 6.7-million tons for it to meet its goal of reducing the carbon-heavy Mpumalanga complex’s greenhouse gas emissions by 30% by 2030. Delivering his final results presentation, outgoing CEO Fleetwood Grobler insisted that the 6.7-million tons output profile announced in August represented the “low road” production scenario that emerged following a review of its emission roadmap once the use of liquefied natural gas (LNG) was eliminated as a plausible feedstock for Secunda.
/by

Enel Green Power signs large-scale South Africa commercial renewable energy deal

Renewable energy company Enel Green Power South Africa has signed three long-term power purchase agreements (PPAs) with industrial gases company Air Liquide South Africa and energy and chemicals company Sasol to supply 330 MW of renewable energy to Sasol’s Secunda site, where Air Liquide operates its large-scale oxygen production facility. Enel Green Power and sovereign wealth fund the Qatar Investment Authority (QIA) jointly own Enel Green Power South Africa.
/by

Cape Town pays out more than R25m in Cash for Power programme

The City of Cape Town says businesses and households have earned more than R25.8-million under the city’s Cash for Power programme since the start of the 2022/23 financial year. This comes after the city started to buy excess solar photovoltaic power from small-scale generators in exchange for municipal bill credits and cash.
/by

Ramokgopa says govt close to finalising structure for private grid financing

Electricity Minister Kgosientsho Ramokgopa says all the work being done by government on the financial structure to facilitate private investment into the country’s transmission infrastructure is being consolidated under his Ministry, including the work being done on the issue by the National Treasury and the International Finance Corporation (IFC). This confirmation follows an announcement in the National Treasury’s Budget Review that a request for proposals will be released by the end of July for a pilot project involving “off-balance-sheet financing to accelerate private-sector investment in transmission, without negatively affecting Eskom’s balance sheet and the fiscus”.
/by