Author Archive for: Engineering News

Four of the world’s richest nations will send a delegation to South Africa as soon as next week to seek a deal to begin closing the country’s coal-fired plants, according to people familiar with the matter. Officials from the US, UK, France and Germany are looking for an agreement with Eskom Holdings SOC Ltd., which generates almost all of South Africa’s power from a fleet of 15 coal plants. Any deal struck could be announced during the United Nations climate talks known as COP26, set to start in Glasgow, Scotland, on Oct. 31, one of the people said.

Youth leaders, civil society groups, trade unions and grassroots movements under the Climate Justice Coalition have expressed dissatisfaction with the Department of Mineral Resources and Energy (DMRE) and will, as a result, hold planned nationwide marches, it said on September 15. The coalition bemoaned that the DMRE “has continued to approve gas and coal projects while disregarding any just energy plan”.

South Africa’s FirstRand will end funding for new coal-fired power stations and coal mines and has lowered the cap on its coal exposure as part of moves to reach net-zero emissions by 2050, it said on Wednesday. South Africa’s banks are the biggest on the continent, with the likes of FirstRand major lenders to fossil fuel projects, especially in oil and gas, and are increasingly under pressure from environmental groups to turn off the taps.

South Africa risks becoming an outlier in the global community if it pushes ahead with plans to develop new coal-fired power plants, says climate change think tank E3G.

E3G says the country is driving these plans despite there having been a 76% reduction in proposed new coal power generation capacity globally, since the negotiation of the Paris Agreement in 2015.

The head of South Africa’s State power utility needs to substantially reduce its R402-billion of debt to realise his vision of transforming the coal-addicted behemoth into a leading green-energy producer and create as many as 300 000 jobs in the process. Eskom Holdings supplies more than 90% of the nation’s electricity, the bulk of it from coal, and emits more than two-fifths of the nation’s greenhouse gases. Andre de Ruyter, 53, its chief executive officer, wants to tap concessional loans from development finance institutions to finance renewable plants in exchange for accelerating the closure of some of its old, polluting power stations.