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Coal & Diesel News

Eskom raises R43bn as it begins to attract more investors 

By: Kim Cloete     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... 

Lowering SoE risk to fiscus requires governance and business-model reform - S&P

By: Terence Creamer     27th March 2018 The risk posed to government’s fiscal position as a result of contingent liabilities linked to South Africa’s State-owned enterprises (SoEs) will be only partly alleviated by governance reforms, S&P Global Ratings warns, arguing that greater attention will also have to be given to reforming SoE... 

Lowering SoE risk to fiscus requires governance and business-model reform - S&P

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

By: Kim Cloete     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... 

Eskom goes to Parliament to argue its case for a higher tariff increase
Photo by Dylan Slater
Eskom acting CEO Phakamani Hadebe

Africa needs private investment to meet energy needs – Radebe

By: Simone Liedtke     27th March 2018 The cost of meeting sub-Saharan Africa’s power demand has been estimated at about $14-billion a year and cannot be met by public funding alone. Although public utilities have historically been the major sources of funding for new power generation capacity, South African Energy Minister Jeff... 

South Africans saved 410 MW during Earth Hour - Eskom

By: African News Agency      26th March 2018 South Africans joined the rest of the world when they switched off their lights for Earth Hour from 20:30 to 21:30 on Saturday night and together they saved 410 MW, Eskom has announced. Earth Hour is a global call for the protection of the planet and for people to take a stand against climate... 

AMCU demands summit to discuss renewable energy jobs

By: Anine Kilian     23rd March 2018 The Association of Mineworkers and Construction Union (AMCU) has called for an urgent summit with labour, State-owned Eskom and government to discuss renewable energy and jobs. The trade union said in a statement on Friday that the Departments of Trade and Industry and Economic Development had to... 

Radebe to address power roundtable in April

23rd March 2018 South Africa’s power sector has again entered a period of uncertainty after a planned signing ceremony for 27 independent power producers (IPPs) failed to materialise on March 13, following a legal challenge by the National Union of Metalworkers of South Africa. The court case, planned for March... 

Radebe to address power roundtable in April

Civil society organisations oppose coal IPP generation licence applications

By: Simone Liedtke     20th March 2018 Civil society organisations will use next week’s public hearings into the generation licence applications for the Thabametsi and Khanyisa power station projects to raise their objections to the new coal-fired power stations that private developers plan to build in Limpopo and Mpumalanga. The Life... 

Wind body dismisses as ‘false’ link between IPPs and tariffs surge

By: Terence Creamer     16th March 2018 The South African Wind Energy Association (SAWEA) has dismissed as a “falsehood” claims by the National Union of Metalworkers (Numsa) and Transform RSA that the 27 renewable-energy projects, which the two organisations are seeking to block through a court challenge, will raise the cost of... 

Wind body dismisses as ‘false’ link between IPPs and tariffs surge

Colenso power project set for construction in 2019

By: Donald Makhafola     16th March 2018 The development of the greenfield Colenso anthracite coal mining project, in KwaZulu-Natal - primarily earmarked to supply the coal-fired Colenso power station currently in the planning phase - is expected to start next year at an estimated cost of R410-million, says coal mining and independent... 

Colenso power project set  for construction in 2019
Photo by Creamer Media
POWER SUPPLY The Colenso power station will provide baseload power to stabilise the national power grid

Energy researchers applaud carbon tax, but call for simplified design

By: Terence Creamer     15th March 2018 The University of Cape Town’s Energy Research Centre (ERC) has welcomed the decision of the South African government to end “years of deferral” by setting a clear date, January 1, 2019, for the implementation of a carbon tax. The ERC believes a carbon tax is in South Africa’s national interest... 

Energy researchers applaud carbon tax, but call for simplified design
ERC’s Professor Harald Winkler

Energy-intensive firms say carbon tax wrong tool for reducing power emissions

By: Terence Creamer     14th March 2018 The Industry Task Team on Climate Change (ITTCC), which includes many of South Africa’s largest mining and industrial companies, says the proposed carbon tax will have no material impact on reducing carbon emissions from the electricity sector, which is responsible for around half of the... 

Energy-intensive firms say carbon tax wrong tool for reducing power emissions

BP outlines the prospects for global energy demand

By: Kim Cloete     13th 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... 

Legal challenge a hurdle, but 'not end of the road' for renewables

By: Terence Creamer     13th March 2018 The excitement associated with Energy Minister Jeff Radebe’s move to end two years of confidence-sapping uncertainty in South Africa’s independent power producer (IPP) market, turned to frustration on Tuesday when the signing of agreements for 27 renewable-energy projects was voluntarily delayed... 

Legal challenge a hurdle, but 'not end of the road' for renewables
Energy Minister Jeff Radebe

South African court grants union interdict blocking renewable energy deal

By: African News Agency      13th March 2018 The National Union of Metalworkers of South Africa said it had obtained an urgent court interdict preventing power utility Eskom from signing renewable energy contracts on Tuesday with 27 independent power producers (IPPs). The move will be a blow for independent producers who say the deals would... 

South African court grants union interdict blocking renewable energy deal

Optimum should have gone into business rescue months ago – Hogan Lovells

By: Anine Kilian     12th March 2018 The public announcement of the Gupta-owned Optimum coal mine going into business rescue has caused much uncertainty for employees and residents living in mine-owned properties are anxious about the implications of this process for their futures. In an interview, Hogan Lovells partner Gareth... 

NPC engages stakeholders on South Africa’s future energy mix

By: Marleny Arnoldi     8th March 2018 The National Planning Commission (NPC) on Thursday hosted a roundtable discussion on its energy paper, which was released in February. The discussion covered mainly coal and carbon pricing, the end-state of the electricity industry, nuclear energy, the integration of renewables into the national... 

NPC engages stakeholders on South Africa’s future energy mix

Mantashe urges speedy resolution on Optimum mine

By: Reuters     8th March 2018 Mineral Resources Minister Gwede Mantashe said on Thursday in remarks to the eNCA news channel that the business rescue process being undertaken at the troubled Optimum coal mine had to be done with "speed." Optimum Coal mine, which has faced a strike by its workers over unpaid salaries, sought... 

Radebe ends years of IPP uncertainty, unlocks R56bn in renewables investment 

By: Terence Creamer     8th March 2018 Energy Minister Jeff Radebe moved decisively on Thursday to end the confidence-sapping uncertainty that has hung over South Africa’s independent power producer (IPP) programmes for more than two years, announcing that project agreements for 27 stalled renewable-energy projects would be signed on... 

Radebe ends years of IPP uncertainty, unlocks R56bn in renewables investment
Photo by Creamer Media
Energy Minister Jeff Radebe

Eskom to conduct own investigation on SAP, Gupta contracts

By: African News Agency      8th March 2018 South African power utility Eskom said on Thursday that it was aware of damning findings of an investigation by German software maker SAP into its dealings with state-owned entities as a third party SAP said that it had finished its investigation by the law firm Baker McKenzie into South Africa's... 

New rules needed to facilitate transition to decentralised electricity system – Tau  

By: Terence Creamer     7th March 2018 South African Local Government Association (Salga) president Parks Tau has called for an overhaul of the policy and regulations governing electricity supply in South Africa to facilitate a transition towards a more decentralised electricity system. Addressing a well-attended Salga Energy Summit... 

New rules needed to facilitate transition to decentralised electricity system – Tau
Salga president Parks Tau discusses the benefits of transitioning to a decentralised electricity supply model. Video and editing: Nicholas Boyd.

Renewable energy procurement programme notches up successes despite delays

By: Kim Cloete     7th 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... 

South Africa catching up with global energy transition – SAWEA

By: Marleny Arnoldi     6th March 2018 To grow its green economy industrial base and benefit from the continued decline in renewable prices achieved globally, the South African Wind Energy Association (SAWEA) suggests South Africa should urgently restart its large-scale renewables industry, which has been stalled over the past three... 

South Africa catching up with global energy transition – SAWEA
Renewables are becoming cheaper than thermal generation technologies

Undoing State capture in South Africa will face stiff resistance, sabotage – Gordhan 

By: African News Agency      6th March 2018 Public Enterprises Minister Pravin Gordhan on Tuesday said the new political dispensation in South Africa and the reversal of the “bad things” which led to the capture of key state institutions by private interests will be regularly opposed by the beneficiaries of the corruption. “I think we all... 

Undoing State capture in South Africa will face stiff resistance, sabotage – Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Eskom accepts Maritz’s resignation, cancels disciplinary hearing

By: Schalk Burger     1st March 2018 State-owned power utility Eskom on Thursday noted that it had received a resignation letter from suspended group executive for information technology Sean Maritz, in which he resigns with immediate effect. Eskom said in a statement on Thursday that the resignation comes against the backdrop of... 

Anglo concludes R2.3bn sale of Eskom-tied mines to Seriti

By: Anine Kilian     1st March 2018 Anglo American has completed the sale of its Eskom-tied thermal coal operations to broad-based, majority black-owned and -controlled South African mining company Seriti Resources, which is led by CEO Mike Teke, for R2.3-billion. The acquisition includes the New Vaal, New Denmark and Kriel mines,... 

Anglo concludes R2.3bn sale of Eskom-tied mines to Seriti
Photo by Christo Greyling
Dr Anna Mokgokong

Eskom turns 95, says more than 100 000 new households on grid

By: African News Agency      1st March 2018 South African State power utility Eskom said on Thursday it was celebrating its 95 year anniversary with 100 380 households which had been connected to the national grid over the past six months. Eskom, which provides about 95% of South Africa's electricity, but has been dogged by cash... 

Eskom signs a $2bn short-term loan with seven lenders

By: Reuters     28th February 2018 South Africa's State-run power utility Eskom said on Wednesday it has signed a R20-billion ($2-billion) short-term credit facility with a consortium of seven local and international banks. "The funding provides Eskom with sufficient liquidity to allow the company time to continue resolving its... 

New power generation exemption framework creates fresh hurdles for IPPs

By: Terence Creamer     28th February 2018 A warning has been sounded that recent amendments to the Electricity Regulation Act relating to licence exemptions for generation plants could create further impediments to the deployment of private generation facilities. Titled ‘Licensing Exemption and Registration Notice’, the amendment was... 

New power generation exemption framework creates fresh hurdles for IPPs

Optimum workers paid but questions raised about future sale

By: African News Agency      28th February 2018 There was no reason to place Optimum Coal Mine into business rescue other than the financing woes of Tegeta Exploration and the now fugitive Gupta family, Parliament's portfolio committee on mineral resources heard on Wednesday. Goodwill Mthombeni, the chairperson of the Optimum branch of the... 

Eskom says will engage with ratings agencies following downgrade by S&P’s

By: Anine Kilian     28th February 2018 Power utility Eskom will continue to engage with ratings agencies and various stakeholders on the implementation and progress of its turnaround strategy, the State-owned entity’s acting CFO said on Wednesday. This follows after Standard & Poor’s (S&P’s) downgraded Eskom to CCC+. 

 Eskom says will engage with ratings agencies following downgrade by S&P’s

Gabon accuses France's Veolia of polluting amid concession dispute

By: Reuters     28th February 2018 Gabon accused French environmental services group Veolia on Tuesday of widespread pollution at SEEG, the power and water utility it operates there, amid a growing dispute over the company's concession. Veolia, which has already threatened legal action after the government seized SEEG earlier this... 

Kibo to raise £750 000

By: Creamer Media Reporter      27th February 2018 Aim- and AltX-listed Kibo Mining has received commitments to raise £750 000 through the placing of 17.65-million shares at a price of 4.25p each. “The funds raised today enable us to build on our strategy to create a strategic regional electricity supplier. 

JSE to launch project bonds in March

By: Reuters     26th February 2018 Africa's largest bourse, the JSE, will begin listing "project bonds" from mid-March, an official said on Monday, giving institutional investors a window to invest in infrastructure projects. The bonds will provide private firms a chance to get a foothold in infrastructure projects in Africa's... 

Study launched into economic impact of possible EV transition in South Africa 

By: Terence Creamer     23rd February 2018 A macroeconomic study into the impact of a possible transition in the South African transport market from internal combustion engine (ICE) vehicles to electric vehicles (EVs) has been launched. Initially proposed by the Department of Trade and Industry (DTI), the study is backed by the South... 

Study launched into economic impact of possible EV transition in South Africa

Planning commission outlines case for Eskom split in new energy document 

By: Terence Creamer     23rd February 2018 The National Planning Commission (NPC) has released a new discussion document on the energy sector, which reinforces the National Development Plan’s (NDP’s) “explicit” requirement for the system operations, planning, power procurement, purchasing and contracting functions within Eskom to be... 

Planning commission outlines case for Eskom split in new energy document

NUM says members not paid at Gupta-owned Optimum mine

By: Reuters     23rd February 2018 The National Union of Mineworkers (NUM) said on Friday that its members had not been paid on time at the Optimum coal mine, which is owned by the Gupta family, and would not return to work at the operation which has started business rescue proceedings. "The guys were not paid and they want a... 

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