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EPC company a gold partner at Indaba

Engineering procurement and construction (EPC) company Lesedi is participating at this year’s Africa Energy Indaba (AEI) as a gold partner, says Lesedi business development executive Shane Pereira. This will be the company’s eighth year of participation.
February 25, 2022 by

Law firm to provide insight on energy laws

Law firm Norton Rose Fulbright will participate at this year’s Africa Energy Indaba as a partner, providing a legal perspective on energy sector laws. The global law firm provides a business law service, with an industry focus throughout major key industries, including the energy industry.
February 25, 2022 by

Creecy welcomes progressive carbon tax increases

Forestry, Fisheries and the Environment Minister Barbara Creecy has welcomed the announcement by Finance Minister Enoch Godongwana that government plans to progressively increase the carbon price every year to reach $20/t of carbon dioxide equivalent (CO2e) by 2026, $30/t of CO2e by 2030 and $120/t of CO2e by 2050. “This policy trajectory for the carbon tax really will be very helpful in allowing us to achieve the Nationally Determined Contribution that we submitted for 2025 and 2030 to the United Nations in October last year,” she noted.
February 24, 2022 by

Nersa approves 9.61% Eskom hike for 2022/23

The National Energy Regulator of South Africa (Nersa) announced on Thursday that Eskom’s tariff would rise by 9.61% on April 1, an increase that is less than half the 20.5% hike for which Eskom had applied. The tariff decision includes allowable revenue of R250-billion, against the R293-billion for which Eskom applied, which translates to a sub-inflation increase in the retail tariff of 3.49%.
February 24, 2022 by

South Africa targets cable thieves holding economy to ransom

South Africa’s government intends making it mandatory for all metal traders to get licenses and prevent them from dealing in cash, a measure aimed at combating a massive illegal trade in cables and wiring stripped from rail, power and telecommunication lines. Traders will also be required to conduct due diligence on their customers and track the origins of their products, the National Treasury said in the annual budget review, which was published in Cape Town on Wednesday.
February 24, 2022 by

DSI’s Maserumule reiterates South Africa’s green hydrogen ambitions

South Africa is looking to build out funding opportunities and partnerships with international donors and countries that are aiming to decarbonise their own economies through the use of green hydrogen, Department of Science and Innovation (DSI) hydrogen and energy chief director Rebecca Maserumule said this week. In an address at the Energy & Mines virtual summit, on February 23, she outlined the highlights of South Africa’s newly released Hydrogen Society Roadmap, which was unveiled by Higher Education, Science and Innovation Minister Blade Nzimande earlier in the month.
February 24, 2022 by

Local nuclear technology conference to be held next month

The Nuclear Industry Association of South Africa (Niasa) has confirmed that it will co-host a nuclear conference next month. Called the Nuclear Technology Imbizo 2022, the conference’s other co-hosts will be the South African Young Nuclear Professionals Society, Women in Nuclear South Africa, and the Southern African Radiation Protection Society. The Imbizo will be held at the Cape Town International Conference Centre and take place on March 16 and March 17. The association highlighted that South Africa had suffered from “massive loadshedding” (power cuts or outages) imposed by the State-owned national electricity utility Eskom over the past couple of years, including during this year already. Most of the breakdowns that triggered this loadshedding had occurred and were occurring in the utility’s fleet of coal-fired power stations. Further, under the Integrated Resource Plan 2019, 11 500 MW of this coal capacity would have to be decommissioned from 2030 on.
February 24, 2022 by

Ending load-shedding, training experts among measures that can improve South Africa’s energy …

South Africa needs to undertake six measures to improve its energy and electricity security and sustainability, as well as ensure it can meet ongoing electricity demand, FutureEnergy CEO Andy Calitz said on February 23.

Speaking at a webinar on South Africa’s Energy Transition Journey, hosted by EE Business Intelligence, he said that ending load-shedding was “more important than achieving net-zero emissions”.

February 23, 2022 by

Godongwana urges Eskom to sell assets as he confirms R88bn in new support

Finance Minister Enoch Godongwana confirmed that Eskom will receive a further R88-billion in government support until 2025/26 and that a comprehensive debt solution was still being explored for the financially unsustainable State-owned electricity producer. The support comes in addition to the R136-billion already provided or committed to enable the utility to pay back its debt, which currently stands at close to R400-billion.
February 23, 2022 by