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Congo reviews $6.2bn China mining deal as criticism grows

The Democratic Republic of Congo (DRC) began reviewing a $6.2-billion minerals-for-infrastructure deal with China that’s faced growing criticism since President Felix Tshisekedi came to power almost three years ago. Congo’s council of ministers agreed to create a commission to investigate “major legal, technical and financial problems observed in the collaboration agreement” between the two countries, according to minutes from the meeting published on the website of the prime minister’s office. The council asked the commission to present its findings in two weeks.
September 28, 2021 by

Energy features strongly in IDC’s R24bn pipeline as Patel makes ‘go green’ call

The State-owned Industrial Development Corporation (IDC) is aiming to convert a significant portion of a R24-billion investment pipeline into commitments following a steep fall in both approvals and disbursements during its Covid-afflicted 2020/21 financial year. The development finance institution reported that disbursements fell to R6.3-billion, from R8.4-billion in the prior year, while approvals slumped to only R5.4-billion from R9.5-billion.
September 28, 2021 by

EPC regulations to support energy efficiency businesses, says Alliance Energy

The Energy Performance Certificate (EPC) regulations gazetted by the Department of Mineral Resources and Energy (DMRE) in December 2020 present opportunities for individuals and businesses in the energy sector, including young professionals, entrepreneurs and graduates in the engineering disciplines with the mindset to be a part of the energy efficiency solution, says Alliance Energy MD Vash Singh. Under the EPC regulations, buildings in South Africa need to have their energy performance assessed by an accredited party, which will issue an EPC that rates the building in terms of energy efficiency.
September 27, 2021 by

Immediate introduction of new tariff methodology ‘not feasible’

State-owned electricity utility Eskom says it is “not feasible” for the National Energy Regulator of South Africa (Nersa) to make a revenue determination, for implementation on April 1 2022, on the basis of a new methodology that has yet to be consulted or finalised. On September 24, Nersa published a consultation paper on a possible new price determination methodology in which it states that the “current revenue-based methodology has fallen short in providing stable prices”.
September 27, 2021 by

Nuclear corporation highlights benefits to South Africa of Multipurpose Reactor project

The South African Nuclear Energy Corporation (Necsa) has highlighted the importance to the country, and indeed the wider world, of the now-authorsied programme to construct a new Multipurpose Reactor (MPR). It did so in its statement, issued on Sunday, welcoming the Cabinet’s decision to approve the acquisition and construction of an MPR. The MPR will be located at Necsa’s complex at Pelindaba, west of Pretoria, and will replace the State-owned entity’s current 20 MW SAFARI-1 research reactor, which first became operational in 1965. “Cabinet approval of [the] SAFARI-1 replacement is a major milestone for South Africa, the continent and the whole world,” affirmed Necsa Group CE Loyiso Tyabashe.
September 27, 2021 by

Risks linked to South Africa’s more ambitious decarbonisation pledge not yet ‘adequately …

Minerals Council South Africa has signalled its support for South Africa’s transition to a low-carbon economy, but is concerned that the immediate risks associated with the country’s more ambitious decarbonisation targets are not being adequately addressed. CEO Roger Baxter told participants to a virtual Presidential Climate Commission dialogue on the just transition on Thursday that systemic policy interventions, and other support, were required to drive a “risk-managed decarbonisation journey for South Africa”.
September 23, 2021 by

China bailing on overseas coal should be a boon for renewables

If China puts the same financial heft behind green energy in emerging nations as it has in developing fossil fuels projects overseas, it’ll be a step change for global investment in renewables.

President Xi Jinping told the United Nations General Assembly this week that China will accelerate support to developing nations to install low-carbon energy sources as the nation also halts the building of new coal power overseas.

September 23, 2021 by

AIMM says six more solar PV projects reach commercial operation

Six more solar photovoltaic (PV) projects situated in the Northern Cape and North West provinces have reached commercial operation, infrastructure equity investment management company African Infrastructure Investment Managers (AIIM) reported on Wednesday.

These projects include the 50 MW De Wildt solar project, the 68 MW Bokamoso solar project, the 75 MW Zeerust solar project and the 75 MW Waterloo solar project in the North West, as well as the 55 MW Boikanyo and the 75 MW Malta A Bokone projects in the Northern Cape.

September 22, 2021 by