State-owned power utility Eskom has advised that Stage 2 load-shedding will be implemented from midday on January 14 through to the end of January 17. Eskom says the load-shedding is necessary owing two tripped generation units at the Kusile power station, as a result of failure of the main coal feed conveyor belts supplying coal to the units.
Total and Engie plan to build France’s largest green hydrogen facility to feed the oil company’s biodiesel plant in the south of the country from 2024, provided they get subsidies to make the project viable. Steelmakers and gasoline and biofuel producers currently make the hydrogen they need from fossil fuels, emitting significant amounts of greenhouse gases in the process. Engie and Total’s project could be part of a first wave of hydrogen production facilities fueled by renewable power as Europe plans to reach net-zero emissions by the middle of the century.
Matshela Koko, the former head of generation at Eskom, told the state capture commission of inquiry that there was nothing wrong with a controversial R1.68 billion pre-payment which the power utility made to Gupta-owned Tegeta Exploration and Resources after the company clinched a coal supply deal in 2015. “I would testify here that there is absolutely nothing wrong with the transaction of the R1.68 billion pre-payment. In fact, it was the only alternative available to Eskom,” Koko said on Tuesday, without explaining the importance of the payment.
Alternative investment and fund management group TBI has concluded its first deal in South Africa through its new Amandla Renewable Energy Fund. As part of the R440-million deal, TBI, along with Momentum Metropolitan Life and Absa, refinanced the existing funding of Emvelo’s 15% stake in the Karoshoek Solar One concentrated solar power (CSP) plant by subscribing for secured redeemable preference shares in the special purpose vehicle that holds Emvelo’s interest in the plant.
Amid concerns over energy supply, the renewables sector enters a new decade with impetus to boost socioeconomic development, writes Chris Antonopoulos. South Africa has entered a new decade with much to occupy its business community. For Lekela Power, the unprecedented impact of the Covid-19 pandemic on the economy and on the population has been one of our foremost areas of focus. But not far behind that has been the country’s energy security.
Former Eskom manager, Ayanda Ntetha told the Zondo Commission of Inquiry on Tuesday that she had secret meetings with Tony Gupta at his Saxonwold home to discuss a coal supply contract between the power utility and Tegeta, a mining business owned by the politically connected family. Nteta, who was a senior manager in fuel resourcing said she did not tell any of her superiors about the 2015 meetings, an omission she attributed to a lack of trust between her colleagues in the company at the time. Nteta, at the time, was finalising the details of a R3.7 billion contract with Tegeta, which has now been declared by a court to be invalid and set aside.
The International Energy Agency (IEA) has announced the creation of a high-level global commission, headed by Danish PM Mette Frederiksen, to investigate how to ensure that people are placed at the heart of the unfolding global clean-energy transition. Speaking during a virtual briefing on Monday, IEA executive director Dr Fatih Birol said the other members of the commission would be named in due course and that its recommendations would be released ahead of the delayed COP26 climate negotiations, scheduled for Glasgow, Scotland, in November.
JSE-listed engineering and construction group Murray & Roberts reports that its subsidiary, construction and engineering company Clough, has been awarded a A$400-million contract for an engineering, procurement and construction scope of work on the Waitsia Stage 2 development project in Western Australia.
Clough’s scope of work relates to a gas processing plant, including power generation.
Government conveys its sadness about the death of Peotona Group Holdings co-founder and executive director Dolly Mokgatle.
She was an established business leader who held various leadership positions within several of South Africa’s State-owned enterprises and the private sector.
Negotiations between Ethiopia, Sudan and Egypt, in a long-running dispute over the Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile, have reached a new impasse, the three countries said on Sunday. “We cannot continue this vicious cycle of circular talks indefinitely,” Sudanese irrigation minister Yasir Abbas said in a statement.
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