Independent power producer Globeleq has bought renewable energy company Scatec’s 52.5% interest in the 41 MW Mocuba solar photovoltaic plant, in Mozambique, for $8.5-million. It will also acquire Norwegian pension fund KLP Norfund Investments’ 22.5% stake in the plant, giving it a 75% interest in the plant. National utility Electricidade de Moçambique (EDM) will continue to hold the remaining 25%.
The draft South African Renewable Energy Masterplan (SAREM) has been released for public comment. In this article, Gaylor Montmasson-Clair, who is a facilitator of the SAREM process, outlines the importance of policy in creating the anchor demand that is required for a successful industrialisation drive in renewables and battery value chains.
On Monday, Fitch again maintained its “BB-” credit rating on South Africa – despite now expecting no economic growth this year. The US credit rating agency kept its “stable” outlook on South Africa’s long-term foreign and local currency debt ratings.
In a surprise announcement, Eskom said that the utility and its former COO Jan Oberholzer would “part ways by mutual agreement”. Last month, Eskom confirmed that it had signed a two-year contract with Oberholzer to oversee key projects at coal-fired power station Kusile and nuclear power plant Koeberg.
The government-default component of the government guarantees extended to the independent power producers (IPPs) that will be selected to build new solar and wind projects under the upcoming seventh bid window (BW7) of South Africa’s programme for the procurement of renewable energy will be reduced from 100% to 80%. IPP Office head Bernard Magoro tells Engineering News that the reduction follows a National Treasury review of the Government Support Framework Agreement, as well as consultations with the market over the past year.
In this article, Trade and Industrial Policy Strategies research fellow Sandy Lowitt writes about the limited discussions that have been held about how just energy transition financing will be deployed in the South African economy.
Electrical equipment and services company Actom has been awarded contracts to supply battery energy storage systems (BESSs) for two international electrical companies appointed to design, execute and manage the first phase of State-owned Eskom’s two-phase programme, launched earlier this year. Actom’s Power Transformers, Medium-Voltage (MV) Switchgear and High-Voltage Equipment and Distribution Transformers divisions were awarded various contracts for South Korean industrial equipment company Hyosung Heavy Industries and Chinese electrical equipment and switchgear company Pinggao Group.
Petroleum products supplier Astron Energy has marked the rebrand of its one-hundreth service station in South Africa as part of the company’s mammoth project to rebrand its network from Caltex to Astron Energy. The latest service station to have been rebranded is Astron Energy Greenways in Strand, in the Western Cape.
Loadshedding will be reduced to Stages 1 and 3 from 5:00 on Tuesday, following the return to service of six generating units over the weekend, Eskom said in a statement on Monday. However, Stage 4 loadshedding will be implemented from 16:00 on Monday until 05:00 on Tuesday, as previously communicated. After that, South Africans will see Stage 1 loadshedding from 05:00 until 16:00, followed by Stage 3 loadshedding from 16:00 until 05:00 on Wednesday. This pattern will continue to be implemented daily until further notice, Eskom said. “Breakdowns have reduced to 15 747MW of generating capacity while the generating capacity out of service for planned maintenance is 1 946MW. Since Friday, a generating unit each at Kriel, Lethabo, Majuba, Matla and two generating units at Arnot power stations were returned to service. The delay in returning to service a generating unit each at Kendal, Matla and two generating units at Tutuka power stations is contributing to the current capacity constraints,” the utility added.
Electricity Minister Dr Kgosientsho Ramokgopa has expressed deep concern that another delay to the return to service of Koeberg Unit 1 could result in both of the nuclear power station’s units being out of service simultaneously later this year. The unit is currently undergoing a long-duration outage that includes the replacement of its three steam generators, which is one of the preconditions for extending the plant’s life for 20 years.
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