South Africa’s Treasury is finalising a plan to take over a portion of Eskom Holdings’ R396-billion debt as part of a process to place the struggling electricity company on a sustainable footing, a top official said. The “broad brush strokes” of the debt transfer will be announced in the mid-term budget scheduled for October, Duncan Pieterse, head of assets and liability management at the National Treasury, said in an interview Wednesday. The authorities will seek cabinet and parliament’s approval for the plan after determining the amount, along with the conditions the utility will need to meet before and following such a transaction.
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ArcelorMittal South Africa (AMSA) has confirmed that it will seek to secure third-party access to Transnet’s rail network as part of efforts to stabilise the logistics involved in supplying key raw materials, such as iron-ore, having experienced an intense period of rail disruption during the first half of 2022, which cost it some R650-million in lost sales. CEO Kobus Verster reports it has told Transnet Freight Rail (TFR) of its intention to gain access to the rail network, despite the fact that the utility has not yet made a suitable general-freight slot available to AMSA, resulting in a legal lacuna.
Power utility Eskom and the Netherlands Embassy have signed a letter of intent to guide the next phase of collaboration between the two parties. In the next phase of the collaboration, Eskom and the Netherlands Embassy, supported by the Netherlands Enterprise Agency, intend to work along two tracks – prefeasibility for a climate-smart, labour-intensive agricultural/horticulture development on the Grootvlei power station site and an integrated and sustainable approach for repurposing of the Grootvlei power station site.
President Cyril Ramaphosa’s announcement that a feed-in tariff is to be created to incentivise businesses and households to invest in rooftop solar is likely to further stimulate the so-called ‘silent revolution’ that is already under way as South Africans seek to navigate their way through an intensifying load-shedding crisis. The President confirmed that the feed-in tariff would incentivise homes and businesses to sell surplus power to Eskom.
The South African Wind Energy Association (SAWEA) has applauded the numerous interventions outlined by President Cyril Ramaphosa to tackle South Africa’s energy crisis. The association said on July 26 that it viewed the plan as being sharply focused on the key areas of concern, encompassing the improvement of state-owned Eskom’s energy availability factor (EAF) with maintenance; bringing all available energy into the system quickly; accelerating new generation capacity; addressing bureaucratic blockages; and liberalising the energy system.
President Cyril Ramaphosa’s plan to arrest a degradation in the prevailing electricity generation deficit issue in South Africa has been welcomed by several organisations as a measure that took into account consultation from various perspectives, as well as one that addresses rolling out new generation capacity in an environment-friendly way.
On July 25, Ramaphosa presented an energy plan, which renewable energy advocacy movement 350Africa.org believes represents a major step forward in tackling the country’s energy and climate crisis through renewable energy.
Public entity the National Nuclear Regulator (NNR) has confirmed that State-owned Eskom has submitted the safety case in support of its application to extend the operational life of the Koeberg nuclear power station beyond the current licence term. The application to extend the operational life was submitted by Eskom on May 10 last year and was accepted by the NNR for further processing on August 17.
After President Cyril Ramaphosa announced an intention to import electricity from neighbouring countries to supplement South Africa’s constrained power supply, Botswana wants South Africa to even buy more from it. Botswana Power Corporation (BPC) wants Eskom to buy its off-peak generated power since electricity can’t be stored on any scale and fluctuation can put strain on generators.
The Southern African Institute of Welding (SAIW) highlighted on Wednesday that it was cooperating with the South African Nuclear Energy Corporation to promote the creation of an African School of Nuclear Excellence. Such a school would be focused on nuclear-grade practical welding, weld inspection, the associated technology and technical services, as well as the non-destructive testing (NDT) of “exotic” materials and configurations, employed in the entire lifecycle of nuclear plants – that is, …
The Department of Public Works and Infrastructure (DPWI) – supported by the National Treasury’s Government Technical Advisory Centre’s (GTAC) transactional adviser – will publish a request for proposals (RFP) for the start of the Integrated Renewable Energy and Resource Efficiency Programme (iREREP) in the coming week. This follows the announcement by President Cyril Ramaphosa on July 25 of actions to address South Africa’s electricity crisis.
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