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Coal & Diesel News

Power system recovery to take 30 days, load-shedding risk remains high 

By: Simone Liedtke     3rd August 2018 State-owned Eskom expects it will take up to 30 days for the power system to recover from the effects of the recent industrial action, which interrupted continuous processes at the power stations. During the 30-day recovery period, the risk of load-shedding remains high, it warned on Friday. 

Numsa takes Eskom's latest wage offer back to members

By: African News Agency      3rd August 2018 The National Union of Metalworkers of South Africa (Numsa) said on Friday that it would take the latest wage offer made by power utility Eskom to its members for ratification.  This, as Numsa, together with other trade unions, met with the management team of Eskom on Thursday under the auspices... 

Numsa takes Eskom's latest wage offer back to members
Numsa general secretary Irvin Jim

Solidarity accepts Eskom's latest wage offer

By: African News Agency      2nd August 2018 Trade union Solidarity on Thursday said its members had accepted power utility Eskom's wage offer. In a statement, the union said "it would now do everything within its power to stabilise the power grid", after members indicated they would accept an offer of a 7.5% wage increase for this year, 7%... 

Eskom postpones power interruptions to the Emfuleni municipality 

By: African News Agency      2nd August 2018 South African power utility, Eskom on Thursday said it has postponed the planned power interruptions to the Emfuleni municipality following a court interdict lodged by a group of local businesses in the greater Vaal area, in Gauteng. Eskom spokesperson Khulu Phasiwe said the businesses have asked... 

Eskom offers investors up to $1.5bn of 10-year bonds – source

By: Reuters     2nd August 2018 South Africa's struggling state-owned power firm Eskom offered investors up to $1.5-billion of ten-year bonds on Thursday, a source familiar with the matter told Reuters. Separately, Eskom spokesperson Khulu Phasiwe said Eskom was planning a foreign bond sale and that the firm's chief executive... 

Risk of rotational load shedding high on Wednesday – Eskom 

By: African News Agency      1st August 2018 South Africa's power utility, Eskom, on Wednesday, said that the risk of Stage 1 rotational load shedding remained high but will only be implemented if "absolutely necessary". Eskom said it did not implement load shedding on Wednesday morning, adding that the electricity system remained... 

South Africa faces power cuts as Eskom power units down – internal report 

By: Reuters     31st July 2018 Fifteen units are currently down at nine South African power stations, taking over 6 000 MW of power or 13% of Eskom's output off the national grid, an internal document seen by Reuters showed on Tuesday. Eskom provides more than 90% of the power for Africa's most industrialised economy, but the... 

South Africa faces power cuts as Eskom power units down – internal report

Eskom workers down tools at some South African power stations

By: Reuters     30th July 2018 Workers at some of South African State-owned utility Eskom's power stations have downed tools after an impasse over wages but supply has not been disrupted, spokesperson Khulu Phasiwe said on Monday. A spate of controlled blackouts was triggered last month following worker-led protests after the... 

Eskom workers down tools at some South African power stations

Treasury says has received draft report on Eskom coal contract

By: News24Wire      30th July 2018 South Africa's National Treasury has received the draft forensic report on alleged irregularities in the awarding by state power utility Eskom of a coal contract to Tegeta and in logistics firm Transnet’s procurement of locomotives from China South Rail, it said at the weekend. The Treasury said... 

Treasury says has received draft report on Eskom coal contract

Chinese investors plan $10bn metallurgical complex in South Africa

By: Reuters     27th July 2018 Chinese investors signed agreements to build a $10-billion metallurgical complex in South Africa during President Xi Jinping's state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters. South Africa's President... 

China loans to Africa energy, infrastructure projects almost trebled between 2016 and 2017

By: African News Agency      26th July 2018 The value of Chinese loans to energy and infrastructure projects in Africa almost trebled between 2016 and 2017 to nearly $9-billion and the impact of this lending is increasingly visible in Africa, law firm Baker McKenzie said at the sidelines of a Brics summit. Baker McKenzie, participating at... 

Ncondezi submits updated tariff proposal for Mozambique energy project

By: Marleny Arnoldi     26th July 2018 Aim-listed Ncondezi Energy has submitted an updated tariff proposal to Mozambican State-owned power utility Electricidade de Moçambique (EDM) and the Ministry of Mineral Resources and Energy (Mireme). The updated tariff proposal arose from a financial model submitted to the two authorities, which... 

Greenpeace, DA scrutinise Eskom, China Bank’s R33bn loan agreement 

By: Marleny Arnoldi     25th July 2018 Nonprofit organisation Greenpeace has expressed its disappointment at China choosing to support “dirty, dead-end coal” in South Africa, especially since China has an emerging and strengthening leadership on climate change. This comment follows after State-owned power utility Eskom on Tuesday... 

Eskom leaders hint at need for independent system operator 

By: Terence Creamer     24th July 2018 South Africa’s cash-strapped electricity utility Eskom is considering far-reaching changes to its business model as part of an in-depth review, being undertaken ahead of the finalisation of a new corporate plan. Chairperson Jabu Mabuza already flagged this week that the new corporate plan, which... 

Eskom leaders hint at need for independent system operator
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

Brics bank approves $600m loans for South African, Chinese projects

By: Reuters     24th July 2018 The New Development Bank, set up by the Brics group of emerging economies, has approved loans of $300-million for energy projects in South Africa and $300-million for a transportation project in China. South Africa, which will host a Brics summit later this week in Johannesburg, is trying to... 

Eskom confident of raising R72bn despite qualified audit  

By: Terence Creamer     23rd July 2018 Financially stressed electricity producer Eskom expressed confidence on Monday that it would be able raise the R72-billion it required for the 2019 financial year, despite having received a qualified audit opinion for the 2018 financial year, reporting a R2.3-billion loss and nearly 20-billion in... 

Eskom confident of raising R72bn despite qualified audit
Eskom chairperson Jabu Mabuza explains why IPPs do not pose a financial risk to the utility. Camera Work & Editing: Nicholas Boyd. Recorded: 23.07.2018

Eskom in talks with government over firm's headcount

By: Reuters     23rd July 2018 Power utility Eskom said on Monday it was in discussions with the government to look at the cash-strapped firm's headcount in effort to boost productivity. "These are discussions we are having with our shareholder," said CEO Phakamani Hadebe, during the State-owned company's results presentation... 

Eskom reports R19bn in irregular expenditure, net loss of R2.3bn 

By: African News Agency      23rd July 2018 South Africa's cash-strapped state power utility Eskom has uncovered R19-billion in irregular expenditure going as far back as 2012, its chairperson Jabu Mabuza said on Monday in a statement accompanying the company's results for the year ended March 31. The entity also reported a net loss after... 

Eskom reports R19bn in irregular expenditure, net loss of R2.3bn
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

Kibo’s Mbeya special mining licence submissions in final stages

By: Marleny Arnoldi     19th July 2018 Following the submission of Aim- and AltX-listed Kibo Mining’s local content plan (LCP) and integrity pledge (IP) to the Mining Commission – a constituent of the Tanzania Ministry of Mines – within the next two weeks, the authority will be ready to consider Kibo’s application for a special mining... 

Electricity supply in Africa driven by market rather than player – PowerGen panel

By: Marleny Arnoldi     18th July 2018 The energy industry in Africa is faced with more opportunities than challenges, a panel of speakers at the PowerGen conference agreed on Tuesday. Power Utility Leadership platform founder Izak du Plessis remarked that similar to other industries, the electricity industry will change and keep... 

Life After Coal campaign demands IRP take water costs into account

By: Marleny Arnoldi     16th July 2018 A report from the Life After Coal campaign calls for uncounted costs to South Africa’s water resources to be accounted for in the Integrated Resource Plan (IRP). Mining coal and burning it in power stations uses large amounts of water and pollutes water as well, imposing massive but uncounted... 

Ramaphosa embarks on Eskom overhaul

By: Reuters     12th July 2018 A month after Cyril Ramaphosa took the helm of South Africa's ruling African National Congress (ANC) in December, he called an urgent meeting with then-President Jacob Zuma and senior ministers to save state power firm Eskom. Ramaphosa understood sweeping changes were needed at the struggling... 

Ramaphosa embarks on Eskom overhaul
President Cyril Ramaphosa

Kibo to issue shares to Sanderson to settle debt

By: Marleny Arnoldi     9th July 2018 Aim- and AltX-listed Kibo Mining has settled the outstanding balance of £1.11-million on the forward payment facility that was agreed on in December 2016 with Sanderson Capital Partners.  

Kibo to issue shares to Sanderson to settle debt
Kibo Mining CEO Louis Coetzee

McKinsey overhauls South African office after graft scandal 

By: Reuters     9th July 2018 McKinsey has made sweeping changes to its South Africa business to try to rebuild its reputation following an ill-fated deal with friends of scandal-plagued former President Jacob Zuma. Kevin Sneader, who started as McKinsey's global managing partner last week, announced on Monday that the firm... 

McKinsey overhauls South African office after graft scandal

Eskom ups pay rise offer to 6.7%, NUM says ready to strike

By: Reuters     6th July 2018 South Africa's State-run power utility Eskom has raised its latest pay rise offer to 6.7% from around 6% to three unions it is in negotiations with, a source with the National Union of Mineworkers (NUM) said on Friday. The NUM source earlier said its members were demanding as much as 12% but... 

Eskom ups pay rise offer to 6.7%, NUM says ready to strike

Rights group AfriBusiness says Eskom undertakes not to cut power in Musina

By: African News Agency      5th July 2018 Rights group AfriBusiness said on Thursday state power utility had undertaken not to cut power to Musina in Limpopo, narrowly avoiding an urgent court interdict over a move that would have impacted paying electricity customers. AfriBusiness said it had made the urgent application after notice by... 

Radebe sets the record straight on power plant decommissioning, IPP job creation 

By: Marleny Arnoldi     4th July 2018 State-owned power utility Eskom will not be closing its own coal plants to accommodate the offtake requirements of the coal independent power producers (IPPs), Energy Minister Jeff Radebe said in a Parliamentary reply this week.  

Radebe sets the record straight on power plant decommissioning, IPP job creation
Energy Minister Jeff Radebe

Imaloto IPP in Madagascar progressed well during second quarter

By: Marleny Arnoldi     4th July 2018 The granting of a 30-year concession agreement during the second quarter of this year was a critical milestone for the Imaloto coal-fired independent power project (IPP), in Madagascar, aligning its development with that of the government’s broader plans, Bushveld Minerals CEO Fortune Mojapelo... 

Imaloto IPP in Madagascar progressed well during second quarter
Bushveld Minerals CEO Fortune Mojapelo

Kibo reaches final PPA discussion phase for MCPP

By: Simone Liedtke     29th June 2018 Aim- and AltX-listed Kibo Mining has reached the final phase of discussions with the Tanzania Electric Supply company (Tanesco) regarding the power purchase agreement (PPA) for its Mbeya coal-to-power project (MCPP). Kibo on Friday resubmitted a reformatted integrated bankable feasibility study... 

Radebe says labour cannot be 'left behind' in energy transition 

By: Terence Creamer     29th June 2018 Energy Minister Jeff Radebe urged business to support government in ensuring that South Africa’s energy transition is a “just” one for labour, especially those operating in the coal-mining sector. In an engagement on Friday with business leaders in Johannesburg, following a meeting of the energy... 

Radebe says labour cannot be 'left behind' in energy transition
Photo by Dylan Slater
Energy Minister Jeff Radebe

Eskom raises wage offer to unions – Numsa

By: Reuters     28th June 2018 South Africa's State power utility Eskom has raised its wage increase offer for this year to 6.2% from 4.7% previously, the National Union of Metalworkers of South Africa (Numsa) said on Thursday. Numsa said in a statement that three unions negotiating with Eskom were demanding a 9% increase in... 

Eskom raises wage offer to unions – Numsa

Kibo, Termoeléctrica finalise Benga JV in Mozambique

By: Marleny Arnoldi     28th June 2018 Aim- and JSE-listed Kibo Mining has finalised a joint venture (JV) agreement with Mozambique energy company Termoeléctrica de Benga regarding the development of the Benga independent power project, in Tete, Mozambique. This agreement includes the right to build and operate a 150 MW to 300 MW... 

AEP to acquire East African energy firm

By: Marleny Arnoldi     26th June 2018 Clean energy company AEP Energy Africa has entered into a purchase agreement with First Independent Power, in Kenya, and Global Power Generation Sociedad Anónima to acquire 100% of East African company IberAfrica Power for $61-million, or R835-million. IberAfrica owns and operates the 103 MW... 

Edenville, Sinohydro extend MoU to December 2019

By: Marleny Arnoldi     25th June 2018 Energy commodity developer Edenville Energy has extended the validity of its memorandum of understanding (MoU) with hydropower engineering company Sinohydro Corporation of China, over the Rukwa coal project, in south-west Tanzania, to December 2019.  

Hybrid power generation on the rise – HIMOINSA

By: Marleny Arnoldi     25th June 2018 Interest in hybrid energy generation is high, says generator manufacturer HIMOINSA Southern Africa business development director Matthew Bell.  

Hybrid power generation on the rise – HIMOINSA
HIMOINSA Southern Africa business development manager Matt Bell

Restructuring Eskom top of South Africa's agenda – Nene

By: Reuters     22nd June 2018 Restructuring State-run power firm Eskom is "on top of the agenda" for South Africa, Finance Minister Nhlanhla Nene said on Friday, though he said recent outages likely had very little impact on the economy. Africa's most industrialised economy suffered power outages earlier in June because of... 

Restructuring Eskom top of South Africa's agenda – Nene
Photo by Creamer Media
Finance Minister Nhlanhla Nene

Order received for two H-25 gas turbines

22nd June 2018 Thermal power generation systems manufacturer Mitsubishi Hitachi Power Systems (MHPS) has received an order for two H-25 gas turbines for a thermal power station being built by power provider China Resources Power Group, in Taixing City, in Jiangsu province, China. The units will form the core... 

Order received for two H-25  gas turbines
Photo by Bloomberg
POWER PLANT Serving as a standalone power source in a local industrial zone, the new plant will supply power, steam for manufacturing processes, and cooled air for air-conditioning

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