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Eskom approaches court for review of Nersa’s treatment of regulatory asset base, warning it …

Electricity utility Eskom will challenge the National Energy Regulator of South Africa’s (Nersa’s) most recent revenue determination in court but will restrict the challenge to the regulator’s approach to determining its regulatory asset base (RAB). The challenge is the latest in a growing number of legal disputes between Eskom and Nersa, with the majority of the rulings to date having been made in favour of the utility.
July 19, 2022 by

Groot Constantia to crowd-sell 165 kW solar plant

South Africa’s oldest wine-producing farm and world-renowned tourist destination Groot Constantia has partnered with innovative solar leasing platform Sun Exchange to crowd-sell a 165 kW solar plant for Groot Constantia’s winemaking facilities and restaurants.

Hosted on the Sun Exchange platform, the crowd-sale enables people across South Africa and the globe to easily buy solar cells for R64 a cell, thereby essentially investing in a portion of the eventual solar farm and being able to earn money back on the power generated by their solar cells.

July 19, 2022 by

Scrap catalytic converters an important source of investment, company says

Although scrap catalytic converter prices vary according to the brand and model, refining systems provider Proses Makina notes that the precious metals contained in the catalytic converter influence the price and monetary value, meaning that the price of a catalytic converter could vary from between $6 up to $800. “Logically, this means that the more precious metals it contains, the higher the scrap metal price. However, increasing platinum, palladium and rhodium prices also influence the price,” the company says.
July 19, 2022 by

Mainstream, Actis to sell Lekela to Infinity and AFC

Renewable energy company Mainstream Renewable Power and sustainable infrastructure investment company Actis have signed an agreement to sell renewable energy independent power producer Lekela Power to diversified investments company Infinity Group and multilateral financial institution the Africa Finance Corporation (AFC). “This planned exit reflects the successful culmination of Mainstream’s and Actis’ partnership strategy for Lekela, with the platform consisting of a leading management team, over 1 GW of fully operational assets and significant growth prospects,” the companies said on July 18.
July 18, 2022 by

Creecy criticises lack of climate finance progress since COP26

South Africa’s environment Minister Barbara Creecy has criticised the lack of progress, since COP26, in the area of climate finance support for developing countries, arguing that there has been a failure to promote “adequate ambition”. Speaking at the Petersberg Climate Dialogue in Berlin, Germany, Creecy said it was time to tackle climate finance with the sense of urgency and scale it deserved.
July 18, 2022 by

Africa can increase natural gas supply, exports to Europe

Export capacity constraints currently hamper some African countries from increasing their exports of natural gas and liquefied natural gas and, while exploration has dropped off, new gasfield discoveries present an opportunity for Africa to grow the supply of natural gas to Europe, said energy industry experts during the ‘Energy in Africa’ think-tank discussion this week. Natural gas, as an energy transition fuel, is available in Africa. It also has multiple industrial uses, burns significantly cleaner than other carbon sources, such as coal or oil, and has a suitable export market, especially since the start of the Russia-Ukraine crisis, said consulting and market research multinational Frost & Sullivan Africa energy and power consultant Patrick Prestele on July 14.
July 15, 2022 by

South Africa to unveil solutions to power crisis within days

The South African government will within days announce new ways to address the country’s worst power crisis yet, President Cyril Ramaphosa said on Friday. Addressing a South African Communist Party (SACP) conference, Ramaphosa said the government needed to “use every available means and remove every regulatory obstacle to bring extra electricity onto the grid as soon as possible”.
July 15, 2022 by

Numsa signs above-inflation increase for Eskom Rotek members

The National Union of Metalworkers of South Africa (Numsa) has signed an above-inflation wage agreement with Eskom’s wholly-owned construction, maintenance and transportation services subsidiary Eskom Rotek Industries (ERI).

The wage agreement – valid for a year and expiring on June 30, 2023 – entitles all bargaining unit-affiliated ERI employees a 7% increase in basic salaries across the board, effective June 30. 

July 15, 2022 by