The Presidency’s Rudi Dicks, who is overseeing the economic reforms being implemented under Operation Vulindlela, says the unbundling of Eskom’s transmission business cannot be done “half-heartedly” if South Africa is to introduce the competition needed to help improve electricity affordability. Speaking during a panel discussion hosted by Bowmans on the financing of South Africa’s just energy transition, Dicks expressed his support for the full unbundling of the transmission business and assets from Eskom Holdings.
A new online portal has been launched to enable project originators and/or financiers to determine quickly whether the project being assessed aligns with the principles of South Africa’s just transition and could, thus, qualify for just-transition financing. Developed by Trade and Industrial Policy Strategies (TIPS), the Just Transition Finance Tool is free to use and has been designed to provide a consistent, evidence-based way to assess a project’s just credentials using an algorithm that interrogates the project’s climate, socioeconomic and community objectives.
Green energy company Engie South Africa has appointed Sanjeev Mungroo MD of its renewables and batteries business, effective January 1.
Engie South Africa says in a statement issued on January 22 that Mungroo’s appointment marks a strategic step forward for the company’s growth in the country and a personal full-circle moment as Mungroo was the company’s third employee when it first established operations in the country.
In this article, South African offgrid electric vehicle (EV) charging infrastructure developer Zero Carbon Charge co-founder and chairperson Joubert Roux writes about the renewed use of oil as a geopolitical weapon under US President Donald Trump and what this means for South Africa as a fuel-import-dependent economy.
The UK and the African Development Bank extended a climate-linked $1-billion debt guarantee to South Africa, saving a $400-million municipal funding deal that was in jeopardy if it had expired. The guarantee, part of a $10-billion climate-finance pact between South Africa and some of the world’s richest nations, was due to expire at the end of last year. The pact is known as the Just Energy Transition Partnership.
Retail giant the Shoprite Group has powered up its 100th solar photovoltaic (PV) system, more than ten years after launching its first solar project in 2015. With an installed capacity of more than 43 300 kWp, the company says it solar portfolio ranks among the largest of any South African private company.
Electricity and Energy Minister Dr Kgosientsho Ramokgopa has reiterated that the cost of the solution being pursued to salvage South Africa’s ferrochrome smelters, most of which have been closed on the back of surging electricity tariffs, cannot be subsidised by other consumers. Speaking to Radio 702 from the World Economic Forum in Davos, Switzerland, Ramokgopa confirmed that he was meeting with some global mining CEOs on a proposed solution, which had already been canvassed with domestic CEOs and labour leaders.
Eskom has offered an assurance that there is no risk of loadshedding, after it confirmed that the two units at Koeberg nuclear power station are being operated at reduced power due to a line fault from the Pinotage transmission substation. It has also given the assurance the the station is operating safely and securely, and that all regulatory and operational protocols are being followed.
Power utility Eskom reported on January 20 that both units at the Koeberg Nuclear Power Station, in the Western Cape, were safely reduced from full power to 100 MW each earlier in the day following a fault on the 132 kV transmission lines supplied from the Pinotage transmission substation near Stellenbosch. It stated this was an expected response under such circumstances, designed to protect the integrity of the power station and the national grid.
State-owned power utility Eskom says it will roll out a new customer service model, comprising scheduled mobile customer hubs and pop-up service points across communities.
The initiative marks a key milestone in expanding access to customer support and bringing services closer to where customers live and work, Eskom states.
INDUSTRY NEWS
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