Entries by

Eskom to transfer R39.9bn loan to transmission unit

Eskom Holdings said it will give the transmission unit that it’s transforming into a separate entity a R39.9-billion loan to make sure it can complete projects and be financially viable. The loan will be guaranteed by the transmission unit’s assets with Eskom’s creditors able to call on them if the utility doesn’t pay them, it said in a presentation to creditors on Thursday. Government guarantees will remain in place. The company will be known as the National Transmission Company of South Africa, or NTCSA.
June 10, 2022 by

Cost-effective electrical termination solutions for construction industry

Industrial products and adhesives manufacturer Pratley offers a range of cost-effective electrical solutions available to assist contractors in a recovering construction industry. “It is important that one does not compromise on quality in favour of cost, which is especially important when it comes to safety-critical electrical termination equipment such as cable glands and junction boxes,” comments Pratley marketing director Eldon Kruger.
June 10, 2022 by

Coating firm awarded corrosion prevention contract

Last month, anti-corrosion coatings manufacturer Corrocoat announced it has been awarded a contract to protect 300 new pipe spools of various dimensions by a multinational energy client. The company say its Corroglass 600 series was the coating system selected for this project, as it offered the best long-term corrosion protection on the floating production, storage and offloading units.
June 10, 2022 by

Workers must play central role in shaping just energy transition, unions insist

As South Africa continues on its journey towards realising a just energy transition (JET), workers and unions have expressed their support for the move and for alternative sources of energy to be part of the energy mix, provided that labour plays a significant role, that its views are taken on board and that a social-ownership model is pursued. Associated Mineworkers and Construction Union (AMCU) organisational development head Krister Janse van Rensburg emphasises that a transition to a low-carbon development path is crucial to addressing climate change and resolving “the deep crisis” the South African economy finds itself in.
June 10, 2022 by

Ramaphosa outlines six steps to tackle electricity deficit in disrupted Budget Vote speech

President Cyril Ramaphosa outlined six steps for addressing the country’s electricity shortfall in a Budget Vote speech that was delayed and disrupted by opposition Members of Parliament who objected to the address from proceeding in light of a criminal complaint having been lodged against Ramaphosa in relation to the alleged theft of foreign currency from his Limpopo farm in 2020. Speaking against the backdrop of an intensification of load-shedding, Ramaphosa said government was “seized with the need to get as much new generation capacity on to the grid as possible, as quickly as possible”, confirming Eskom’s estimate that the shortfall could be as large as 6 000 MW.
June 9, 2022 by