World Bank, IAEA formalise partnership to collaborate on nuclear energy for development

The World Bank Group and the International Atomic Energy Agency (IAEA) have agreed to collaborate on supporting the safe, secure and responsible use of nuclear energy in developing countries. The partnership agreement, signed by World Bank Group president Ajay Banga and IAEA director-general Rafael Mariano Grossi, formalises multiple engagements between the two institutions over the last year, and marks the World Bank Group’s first concrete step to reengage with nuclear power in decades.
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South Africa to impose chrome ore export controls and approves power incentive in bid to arrest …

Cabinet has approved export controls and an electricity incentive for South Africa’s ferrochrome industry after receiving an update on the socioeconomic impact of the continued decline of the industry. At its meeting on Wednesday, Cabinet gave the Department of Electricity and Energy the go-ahead to finalise a government-industry agreement for an electricity tariff realignment in support of the ferrochrome sector.
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Ramokgopa again rebuffs conflict-of-interest allegations in battery storage tender

Electricity and Energy Minister Dr Kgosientsho Ramokgopa has again rebuffed allegations of a conflict of interest in the selection of independent power producer (IPP) Mulilo as a preferred bidder during the recent public procurement of battery energy storage systems (BESS) at pre-selected substation sites. Besides defending the integrity of the BESS procurement process overseen by the IPP Office during a nearly four-hour meeting of the Portfolio Committee on Electricity and Energy on June 26, the Minister also responded to questions posed by members of Parliament from the uMkhonto weSizwe Party and Economic Freedom Fighters during a plenary session in the National Assembly later that afternoon.
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Statistical review highlights scale of energy transition challenge as emissions continue to rise

Global emissions from energy grew 1% to a record 40.8 Gt of carbon dioxide equivalent (CO2e) in 2024 as total energy demand rose 2% to a new high of 592 exajoules (EJ), the latest ‘Statistical Review of World Energy’ shows. Produced for the second time by the Energy Institute, in collaboration with Kearney and KPMG, the review marked its seventy-fourth edition, having been produced until 2023 by energy group BP.
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