Entries by

New Development Bank to provide R3.2bn loan to TCTA for LHWP Phase 2

The New Development Bank (NDB) – an initiative of the Brazil, Russia, India, China and South Africa bloc – and South Africa’s Trans-Caledon Tunnel Authority (TCTA) have signed a R3.2-billion loan agreement for the implementation of Phase 2 of the Lesotho Highlands Water Project (LHWP). The NDB will provide the project loan to the TCTA under the sovereign guarantee of South Africa.
August 21, 2023 by

TIPS sets out to create a South Africa-focused Just Transition Transaction Framework

Independent, nonprofit economic research institution Trade & Industrial Policy Strategies (TIPS) has launched research on a proposed Just Transition Transaction Framework. During a webinar on August 17, the institution introduced the content of the framework and the process for improving the framework over time through learning by doing, evidence collection and analysis.
August 21, 2023 by

R30bn distribution backlog poses risk to supply beyond current generation shortfall – Ramokgopa

Electricity Minister Dr Kgosientsho Ramokgopa has acknowledged that South African cities and towns face the real prospect of ongoing power interruptions even if the balance between supply and demand is restored, owing to significant investment backlogs in the distribution sector. Quoting from research conducted when he was overseeing Infrastructure South Africa, Ramokgopa estimated the backlog to be above R30-billion, given that underinvestment in maintenance and refurbishments had been found to be growing at an average yearly rate of about R2.5-billion from 2011 to 2022.
August 20, 2023 by

Brics energy ministers agree to cooperate to improve access, reduce emissions

Energy Ministers and officials from the Brics bloc met in Sandton on Friday to discuss potential areas of collaboration for improving access to secure and affordable energy, while transitioning to cleaner energy systems. The meeting was chaired by South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, who reiterated his stance that the transition should address both the lowering of emissions and ongoing energy poverty.
August 18, 2023 by

Norway’s Scatec aims to sell power direct to South Africa buyers

Norway’s Scatec ASA, the biggest solar power producer in South Africa, is considering direct sales to consumers who are forced to scramble for reliable electricity amid rolling blackouts. “We are involved in a number of different negotiations, mainly with mining companies,” Scatec Chief Executive Officer Terje Pilskog said in an interview. “We’re also looking at local platforms where we can build out projects and basically sell to multiple off-takers,” which would allow for sales to smaller entities rather than just big miners.
August 18, 2023 by

Ramokgopa sees deal with China to secure solar panel supply

South Africa’s Electricity Minister said he expects to seal a deal with the Chinese government next week that will help solar-power installers in the African nation secure access to panels for projects needed to tackle its energy crisis.

The matter will be discussed on the sidelines of a summit of leaders from the BRICS group of leading emerging-market powers that starts August 22 in Johannesburg, Kgosientsho Ramokgopa said in an interview with Bloomberg TV on Thursday.

August 18, 2023 by

Tabling of ERA Bill delayed

Engineering News editor Terence Creamer discusses the importance of the Electricity Regulation Amendment (ERA) Bill; why the Bill has not yet been tabled in Parliament despite Cabinet having approved its tabling in March; and the implications of this delay.
August 18, 2023 by

Eskom making virtual wheeling strides but says national framework still required

Eskom reports that it has made material advances in developing what it calls a ‘virtual wheeling product’ that will allow one or more generators to transact with multiple offtakers, including those supplied by municipal distributors. However, the utility insists that a national wheeling framework is still urgently required so as to standardise the calculation of wheeling charges across all of South Africa’s distributors, with such charges currently varying significantly from distributor to distributor.
August 17, 2023 by

Govt messed up the 9.6GW nuclear project – Mantashe

The 9.6GW nuclear project, under former president Jacob Zuma’s administration, failed because government failed to develop it “systematically” at a “pace and rate” the country could afford, Mineral Resources and Energy Minister Gwede Mantashe has said. The minister was speaking during a webinar about the just transition hosted by the Wits Business School on Thursday.
August 17, 2023 by