Eskom CEO Andre de Ruyter has drawn a direct link between securing the investment required to address South Africa’s growth-sapping electricity supply gaps – including some R100-billion to further develop the grid in ways to unlock what will be mostly private generation investment – and the creation of an Independent Transmission System and Market Operator (ITSMO). Speaking during a webinar on Thursday, De Ruyter stressed that private investment in generation “requires independence in transmission and market operation” to overcome concerns of potential bias in areas such as grid and market access, dispatch instructions and procurement decisions.
President Cyril Ramaphosa listed the rapid expansion of South Africa’s electricity generation, primarily through the building of additional renewable-energy capacity, as a key priority in government’s long-waited ‘Reconstruction and Recovery Plan’, which he unveiled in Parliament on Thursday. The other components of the plan, developed in response to the economic and employment fallout from the Covid-19 pandemic, included: a multibillion-rand infrastructure roll-out; the creation of 800 000 employment opportunities through public works schemes; initiatives to revive industrial growth; a fast-tracking of reforms to reduce the cost of doing business and lower barriers to entry; actions to combat crime and corruption; and programmes aimed at improving the capability of the State.
South Africa will roll out a big infrastructure spending programme and large-scale employment stimulus to revive an economy that was ailing even before the coronavirus crisis, President Cyril Ramaphosa said on Thursday. Unveiling a Covid-19 economic recovery plan in parliament, Ramaphosa said the government would unlock more than R1-trillion rand in infrastructure investment over the next four years and would create more than 800 000 jobs in the immediate term. Government is also working on finalising a long-term solution to State power utility Eskom’s debt burden, without giving a time frame.
Standard Bank has released its interim Task Force on Climate-related Financial Disclosures report, highlighting that environmental, social and governance aspects remain at the centre of the bank’s agenda of driving sustainable and inclusive growth in Africa.
Sustainability head Wendy Dobson says the bank continues to consider climate-related risk as a top risk and material issue and its working to better understand and manage its exposure.
The South Gauteng High Court has affirmed Eskom’s right to interrupt, or terminate, electricity supply to nonpaying customers.
The case was brought against Eskom by Pioneer Foods, in which the packaged goods company sought to review and set aside Eskom’s decision in 2018 to interrupt electricity supply to the Walter Sisulu municipality, in the Eastern Cape, owing to its failure to pay its electricity bill.
The South Gauteng High Court has affirmed Eskom’s right to interrupt, or terminate, electricity supply to nonpaying customers.
The case was brought against Eskom by Pioneer Foods, in which the packaged goods company sought to review and set aside Eskom’s decision in 2018 to interrupt electricity supply to the Walter Sisulu municipality, in the Eastern Cape, owing to its failure to pay its electricity bill.
The Competition Tribunal on October 14 confirmed a settlement agreement between the Competition Commission and cable manufacturer Aberdare Cables.
Under the terms of the settlement, Aberdare has admitted to price fixing, market allocation and collusive tendering in contravention of the Competition Act, between 2001 and 2010, but will not be paying an administrative penalty.
The South African Photovoltaic Industry Association (SAPVIA) and the European association for solar SolarPower Europe has joined forces to unlock the potential of solar power and ensure that South Africa reaps the economic and societal benefits of renewable energy.
Both associations have been at the forefront of shaping the regulatory environment in their respective territories.
Another large-scale solar photovoltaic (PV) project procured under the fourth bid window of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has entered into commercial operation. The fourth bid window eventually closed in 2018, following a four-year delay, precipitated by Eskom’s then refusal to enter into new power purchase agreements with projects procured by government under the REIPPPP.
Energy company Total and cloud computing company Google Cloud have pooled their expertise to jointly develop an innovative tool – Solar Mapper – which aims to accelerate the deployment of solar panels for individuals.
The business-to-consumer tool works by providing an accurate and rapid estimate of the solar energy potential of an individual’s home, and will be rolled out first in Europe and then worldwide.
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