Nersa mulls interim tariff solution for ferrochrome smelters amid parallel work targeting 62c/kWh

Eskom has requested the energy regulator to approve an interim tariff of 87c/kWh in favour of Samancor Chrome and the Glencore-Merafe Chrome Venture as a temporary measure to sustain smelter operations while talks continued in relation to a longer-term solution aimed at further reducing the tariff to 62c/kWh. The utility has also requested the National Energy Regulator of South Africa (Nersa) to extend, by a further 12 months, waivers both companies secured last year in relation to take-or-pay obligations included in their negotiated pricing agreements (NPAs) with Eskom, which came into effect in 2024.
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BII, Alexforbes make R1bn investment in Revego Africa Energy Fund

UK development finance institution British International Investment (BII) and financial services firm Alexforbes have each made a R500-million investment into renewable assets investment management firm Revego Africa Energy Fund. The funding will allow Revego to expand its portfolio of ten renewable-energy projects across South Africa and invest in new, high-quality renewable-energy assets that support South Africa’s energy transition.
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