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Eskom aiming to secure concessional funding for R400bn just energy transition project pipeline

State-owned electricity producer Eskom has identified a pipeline of ‘just energy transition’ projects valued at about R400-billion that it will seek to fund using concessional finance raised from international financiers that have committed to supporting decarbonisation initiatives in developing countries, including South Africa. Just Energy Transition GM Mandy Rambharos reported on Thursday that the pipeline includes wind, solar and gas and battery projects, some of which will be deployed at its decommissioning coal power stations, starting with Komati in 2022.
October 14, 2021 by

CoJ signs agreement to take over Soweto, Sandton supply from Eskom

The City of Johannesburg (CoJ) has signed a memorandum of understanding (MoU) with State-owned power utility Eskom to start planning the execution of the takeover by City Power of electricity supply for 14 areas in Soweto and Sandton “The signing of the MoU is a great start towards implementing a long-term solution to power supply challenges in the City,” says mayor Mpho Moerane.
October 14, 2021 by

South African nuclear entity signs memorandum with its South Korean counterpart

The South African Nuclear Energy Corporation (Necsa) on Wednesday signed a memorandum of understanding (MoU) with the (Republic of) Korea Atomic Energy Research Institute (Kaeri), the South African State-owned entity announced on Thursday. The MoU was signed in a virtual ceremony, came into effect immediately, and has a term of five years. “Nuclear technology is essential to human life and, through this MoU, we are making this a global reality,” asserted Necsa Group CE Loyiso Tyabashe. The MoU will help advance Necsa’s vision, which is of becoming a celebrated nuclear and research agency in Africa and around the world.
October 14, 2021 by

Development banks told to ramp up green ambitions ahead of COP26

The world’s multilateral development banks (MDBs) must boost their green ambitions to stop carbon emissions from soaring in the most powerful economies, according to the ‘Climate Transparency Report 2021’. Covid-19 lockdowns caused carbon dioxide emissions from the energy sector to fall 6% in 2020, but a rebound of 4% is projected across the Group of 20 nations this year. Argentina, China, India and Indonesia are expected to exceed their 2019 emissions levels before next year.
October 14, 2021 by

Mantashe opposes coal ban for climate aid

Rich nations shouldn’t force South Africa to ban new coal-power projects and impose other conditions as a requirement for funding to help reduce its environmental footprint, the country’s energy minister said. Gwede Mantashe last month skipped a meeting with climate envoys from the UK, US, Germany, France and the European Union, where an initial amount of almost $5 billion in concessional loans and grants was discussed. South Africa’s environment and public enterprises ministers attended the talks, as did the deputy finance minister.
October 14, 2021 by

Eskom confirms load-shedding to be suspended on Thursday, but warns system constraints remain

Power utility Eskom on Wednesday evening confirmed that load-shedding would be suspended from 05:00 on Thursday morning, but warned that there were still significant risks to some generating units, which could force Eskom to implement load-shedding at short notice should it lose further generation capacity.

“We have used the past six days of load-shedding to conduct some repairs to generating units and to continue with the maintenance programme.

“Even though we were able to replenish emergency generation reserves, we have had to continue relying on these to support power system over this period,” the utility noted in a statement.

October 13, 2021 by

South African needs to ramp up critical minerals exploration as world decarbonises – study

The South African mining sector can remain internationally competitive and support socioeconomic development only if it drives decarbonisation and adapts to the global shift in commodity demand towards minerals used in green sectors such as renewable electricity and electric vehicles (EVs), a new study shows. However, the country will have to materially ramp up its exploration of the critical minerals required for emerging green technologies if it is to succeed in offsetting the decline in coal mining, as well as some platinum group metals (PGMs), notably palladium.
October 13, 2021 by

De Ruyter: Eskom working to avoid load-shedding during elections

Eskom is working to avoid load-shedding for the election season, says the power utility’s CEO André de Ruyter. De Ruyter was speaking during an interview with eNCA on Wednesday morning. The power utility last week Thursday introduced stage 2 load-shedding. At the time Eskom was working on returning four units at its Tutuka power station, which experienced conveyor belt failures and boiler tube leaks.
October 13, 2021 by

Ten EU countries call for the bloc to formally include nuclear in its future energy mix

Earlier this week, several newspapers across the European Union (EU) published a letter in support of nuclear energy, jointly signed by 15 Energy and Economy Ministers from ten EU countries, World Nuclear News has reported. The Ministers hailed from Bulgaria, Croatia, the Czech Republic, Finland, France, Hungary, Poland, Romania, Slovakia and Slovenia. They jointly called for nuclear power to be formally included in the EU’s future low-carbon energy mix, and before the end of this year. (The EU now has 27 member states.) They stressed that decarbonising the EU economy required very rapid and deep changes in the bloc’s production and consumption of energy, in order to slash carbon dioxide emissions. This necessitated greatly increasing the electrification of economic and domestic activities, which would need a massive increase in electricity generation. The development of new low-carbon industries would also increase the future demand for electricity.
October 13, 2021 by