Eskom’s R321bn capex plan has strong focus on grid, renewables and gas

State-owned electricity producer Eskom has unveiled details of a R321.72-billion capital expenditure (capex) plan for the coming five years, which includes plans for a material rise in grid-related investment, alongside new renewables and gas-to-power projects. In a presentation of its corporate plan to the Portfolio Committee on Electricity and Energy, Eskom indicated that R133-billion, or 41.2%, of its capital budget for the 2026 to 2030 financial years would be spent by the National Transmission Company (NTCSA).
/by

Saudi push into South Africa yields billions of dollars in deals

A flurry of meetings between Saudi Arabia and South Africa over the past year has culminated in discussions about or signed deals worth billions of dollars into Africa’s most industrialized country — and more corporate action is in the pipeline. The rush of deal-making is part of a broader Gulf drive into Africa, with the United Arab Emirates and Saudi Arabia in particular investing in mining, renewable energy and agriculture.
/by

Outlook for the local and global wind sectors clouded

Engineering News editor Terence Creamer discusses the changes in the local wind sector in recent years, the local and global outlook for the wind sector and the targets set by the newly separated Department of Electricity and Energy.
/by

US investment in Moz LNG projects pivotal moment – energy chamber

US president Donald Trump’s re-election represents a pivotal moment for Africa’s fossil fuel industry, energy advocacy group African Energy Chamber (AEC) said earlier this year. The Trump administration’s swift reapproval of a $4.7-billion loan from the US Export-Import Bank for TotalEnergies’ liquefied natural gas (LNG) project in Mozambique set the tone for what could be a “transformative era” for Africa’s energy sector. 
/by

Bank invests in oil, gas projects as part of mobilisation targets

Not only does financial services provider Standard Bank prioritise renewable energy as part of its sustainable finance mobilisation targets, it also supports a broader range of activities that contribute to the decarbonisation of Africa’s economies. As such the bank continues to finance new oil and gas projects, provided they are designed and implemented with robust environmental and social risk controls.
/by