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More competitive private sector in Namibia can boost growth, jobs – World Bank

Namibia can transform its economy, create jobs, reduce inequality and recover faster from the impact of Covid-19 by deepening private sector reforms and increasing private sector participation in its renewable energy, climate-smart agribusiness, housing, and other key sectors, the ‘Namibia Country Private Sector Diagnostic (CPSD)’ report published by development finance institution the International Finance Corporation (IFC) and the World Bank states. The CPSD highlights opportunities for Namibia to attract investment and achieve sustainable private sector-driven growth. It also suggests policy reforms to encourage competition and public-private partnerships (PPPs), especially in the energy and water sectors.
July 8, 2022 by

French-style labour deal poised to fuel South Africa inflation

The South African State-owned power utility’s inflation-beating pay deal struck with protesting workers sets a dangerous precedent for on-going public-sector wage negotiations that may add to price pressures and weigh on state coffers, according to S&P Global Ratings. Eskom Holdings this week signed a one-year deal with three labour groups for a 7% pay hike and an increased monthly housing allowance. While the agreement ended illegal and violent protests that deepened electricity outages in Africa’s most industrialized economy, it will add more than 1 billion rand ($59 million) to the cash-strapped utility’s wage bill for the next 12 months. Eskom, which relies on government support to keep operating, said it will struggle to afford that.
July 8, 2022 by

Dirty coal is keeping South Africa’s inflation in check

South Africa’s reliance on coal to generate most of its power makes it an environmental pariah but it’s also helping keep inflation in check, according to S&P Global Ratings. While energy prices have soared as European nations scramble to find alternatives to Russian gas supplies following its invasion of Ukraine, South Africa’s power utility Eskom Holdings has been left relatively unscathed.
July 8, 2022 by

BW6 signals bullishness, greater uptake of renewables – SAWEA

During a virtual bidder’s conference in preparation for Bid Window 6 (BW6) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) on July 7, participants and the broader renewable energy industry were heartened by the bullish environment and strong indicators of rolling procurement rounds, further signalling a healthy uptake in this clean power technology, says industry body the South African Wind Energy Association (SAWEA). In particular, the imminent release of the 513 MW storage request for proposals before October, and the announcement of another procurement round, BW7, before the end of this year, were positive.
July 8, 2022 by

Giant new power plants undermine South Africa’s emissions pledge

In the rolling hills of South Africa’s Mpumalanga province, hundreds of builders, welders and engineers are putting the final touches to a gigantic new power station that’s set to burn as much as 15-million tons of coal a year until it is eventually shuttered in 2073. The 4 800 MW dry-cooled Kusile plant and the almost identical Medupi facility, which was completed last year, will be key to meeting demand for energy in a country that’s been plagued by rolling blackouts since 2008. Environmentalists however caution that their continued operation will be a major impediment to South Africa meeting its commitment to eliminating greenhouse gas emissions on a net basis by 2050.
July 8, 2022 by

Petrol refinery closures affect testing company

The move from a hybrid petrol-producing country to a petrol-importing country is increasingly becoming a challenge for South Africa, as many companies have been shut down or bought out, says testing and inspection provider Oleum Process & Pipeline (OPP) services sales project engineer Stuart Baigent.
July 8, 2022 by

IEA calls for diversification of solar PV supply chains

Ensuring a secure transition to net-zero emissions will require increased efforts to expand and diversify the global production of solar panels, whose global supply chains are currently heavily concentrated in China, the International Energy Agency (IEA) said with the launch of a new report on solar photovoltaic (PV) global supply chains released on July 7. Chinese industrial and innovation policies that have focused on expanding solar panel production and markets have helped solar PV become the most affordable electricity generation technology in many places around the world, the agency points out.
July 7, 2022 by

Eskom confirms strong flow of grid-connection applications for Bid Window 6 of renewables programme

Eskom’s Grid Access Unit reports that it has received payments for 179 cost estimate letters, or CELs, and has issued 53 such letters, following the April 6 issuance of a request for proposals (RFP) for Bid Window Six (BW6) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Speaking during a virtual bidders conference hosted by the IPP Office, the unit’s head, Azwimbavhi Mamanyuha, reported that a total of 219 grid-access applications had been received by Eskom in relation to BW6, the bid submission date for which is August 11.
July 7, 2022 by

Solidarity calls on the private sector to apply for energy generation permits en masse

The only viable and sustainable solution to South Africa’s escalating electricity crisis is for small independent power producers (IPPs) to immediately flood the market on a large scale, trade union Solidarity’s Research Institute (SRI) has said. Through a concerted effort by the private sector – including businesses and private citizens alike – to invest in IPP capability, the country’s energy crisis could be resolved within months, the trade union said during a media briefing on July 8.
July 7, 2022 by