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Kim Cloete

Cosatu strongly rejects Eskom’s appeal for more money

16th April 2018 The Congress of South African Trade Unions (Cosatu) has rejected Eskom’s appeal to the National Energy Regulator of South Africa (Nersa) to recover its costs in the provision of electricity, calling it “unaffordable, unreasonable and unjustifiable”. “We have no faith in Eskom. We completely... 

Eskom kicks off public hearings by asking for R66.6bn

16th April 2018 Eskom has argued its case for the National Energy Regulator of South Africa (Nersa) to grant it the R66.6-billion it is claiming, including for unforeseen expenses and unrealised revenue for the past three financial years. An Eskom team on Monday kicked off countrywide public hearings in Cape... 

Eskom to finalise comprehensive, integrated strategy by Sept

13th April 2018 Acting Eskom CEO Phakamani Hadebe said on Tuesday that the State-owned enterprise had raised R43-billion from the market and that it would come up with a comprehensive, integrated strategy for the entity by September. “As of today, I’m happy to announce that Eskom has been able to raise in gross... 

Eskom moves to review 2018/19 tariff decision

13th April 2018 Eskom’s top officials have gone to Parliament to argue their case for a higher tariff increase, saying the 5.23% tariff increase for 2018/19 granted by the National Energy Regulator of South Africa (Nersa) would seriously harm the utility. “The 2.2% price increase for 2017/18 has strained the... 

Africa’s downstream oil industry holds promise

30th March 2018 The downstream market is dynamic in Africa and continues to evolve and become more transparent throughout the supply chain, says African energy specialist CITAC Africa executive director Gary Still. He told the annual African Refiners & Distributors Association (ARA) conference, in Cape Town, on... 

Energy giant outlines the prospects for global energy demand

30th March 2018 India is rapidly emerging as the world’s largest growth market for energy, says BP West Africa head of origination John Goodridge. He told the annual African Refiners & Distributors (ARA) conference, in Cape Town, that while growth in energy demand in China was tapering off, demand in India would... 

Nigeria aims to become net exporter of refined petroleum by late 2019

30th March 2018 The Nigerian National Petroleum Corporation Nigeria (NNPC) is pushing ahead with its goal to revive its oil refineries and become a net exporter of petroleum products by the end of next year, delegates at the annual conference of the African Refiners & Distributors Association (ARA), in Cape... 

Eskom raises R43bn as it begins to attract more investors

27th March 2018 Acting Eskom CEO Phakamani Hadebe said on Tuesday that the State-owned enterprise had raised R43-billion from the market and that it would come up with a comprehensive, integrated strategy for the entity by September. “As of today, I’m happy to announce that Eskom has been able to raise in gross... 

Eskom goes to Parliament to argue its case for a higher tariff increase

27th March 2018 Eskom’s top officials have gone to Parliament to argue their case for a higher tariff increase, saying the 5.23% tariff increase for 2018/19 granted by the National Energy Regulator of South Africa (Nersa) would seriously harm the utility. “The 2.2% price increase for 2017/18 has strained the... 

Renewables programme notches up successes despite delays

23rd March 2018 A recent report has shown that 112 projects have been procured through the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP), with 62 of those having started commercial operations by December 31, 2017. The total infrastructure investment from 64 signed projects totals... 

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