Struggling power utility Eskom has confirmed that it has secured funding to pay for its diesel requirements for the remainder of the current financial year, which ends on March 31, but has not yet provided full details on the funding mechanism. Speaking during a hastily convened media conference hosted to provide an update on the outlook for the system following a sustained period of Stage 5 and Stage 6 loadshedding, acting generation executive Thomas Conradie revealed that Eskom was operating its open-cycle gas turbines (OCGTs) extensively and would continue to do so for the rest of February and during March.
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Renewable energy company Scatec has signed an agreement with asset management company Stanlib Infrastructure Fund to sell its 42% equity share in the 258 MW Upington solar power plant for R979-million. “The transaction is in line with our strategy to optimise our portfolio and will release capital for new investments in renewable energy. We are very pleased to secure a value-accretive transaction and are confident that Stanlib will be a solid owner of the asset going forward,” says Scatec CEO Terje Pilskog.
Consulting Engineers South Africa (Cesa) has expressed some reservations with a proposal that a National State of Disaster be declared to tackle South Africa’s long-running electricity crisis. While not rejecting the proposal entirely given the urgent need to address the “serious crisis”, CEO Chris Campbell cautioned that “people with ill-intent” could abuse the declaration, as was the case when a State of Disaster was implemented during the Covid pandemic.
The World Bank has signed an agreement with four West and Central African nations worth $311 million to fund renewable energy projects. The funds will finance around 106 MW of solar power generation capacity with battery energy and storage systems, and 41 MW expansion of hydroelectric capacity.
Niche media company Epic Outdoor, which specialises in the development and marketing of large-format, high-impact static and digital out-of-home (OOH) platforms, has launched South Africa’s largest-ever digital billboard site on the N1 highway. The billboard is powered almost entirely by solar power. The property was specifically designed to accept advertising, and at 400 m2, the international-standard light-emitting diode (LED) billboard will be the largest roadside LED billboard in South Africa, the company says.
Civil action nonprofit organisation the Organisation Undoing Tax Abuse (OUTA) has brought an application against the National Energy Regulator of South Africa’s (Nersa’s) demanding the full records of decision to award generation licences to gas-to-power company Karpowership. Nersa has not revealed the financial implications of the deal, estimated to be more than R200-billion for the proposed 20-year contract.
Original-equipment manufacturer Babcock has entered into a strategic alliance agreement with US-based Babcock & Wilcox (B&W) to jointly market B&W’s thermal and environmental technologies in Southern Africa. B&W was established more than 150 years ago, and it develops technologies that aim to generate power more efficiently, safely and reliably.
JSE-listed chemicals company Omnia has unveiled its new solar power plant at its Sasolburg operations, in the Free State. Darren Parker tells us more.
Initiatives being coordinated under the aegis of the National Energy Crisis Committee (NECOM) will seek to add about 8 800 MW of capacity to the South Africa’s electricity supply during the course of 2023 in an effort to reduce the intensity of loadshedding, a senior official from the NECOM secretariat has confirmed. In a briefing to editors, head of the project management office in the private of the President Rudi Dicks, who is also heading the NECOM secretariat, indicated that the additions do not include any success Eskom may have in recovering the performance of its coal fleet.
Chemicals group Omnia has signed a memorandum of understanding (MoU) with WKN Windcurrent, a subsidiary of German renewable energy group PNE, to explore the feasibility of developing a green ammonia production plant in South Africa. Omnia CEO Seelan Gobalsamy says ammonia is a key ingredient in the agricultural and mining markets, which are the primary sectors that Omnia supplies.
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