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Coal & Diesel News

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... 

Portfolio Committee asks DMR to intervene at Optimum mine

By: Anine Kilian     23rd February 2018 The Portfolio Committee on Mineral Resources has called on the Department of Mineral Resources (DMR) to intervene at the Gupta-owned Optimum coal mine and “establish with certainty” the future of the mine. Power utility Eskom late on Thursday confirmed that the mine, which supplies coal to its... 

Portfolio Committee asks DMR to intervene at Optimum mine

SAWEA welcomes govt’s commitment to renewables

By: Megan van Wyngaardt     22nd February 2018 The South African Wind Energy Association (SAWEA) on Thursday appealed to President Cyril Ramaphosa, as well as to the Finance, Energy and Public Enterprises Ministers to ensure the setting of a firm date for concluding power purchase agreements (PPAs) for duly procured renewable energy, by no... 

Utilities should embrace technology and innovation – Eskom’s Govender

By: Anine Kilian     21st February 2018 The fourth industrial revolution presents an opportunity to embrace technology and innovation in the energy sector, State-owned Eskom transmission and sustainability group executive Thava Govender said on Wednesday.   Addressing delegates at the Africa Energy Indaba in Johannesburg, he said that... 

Utilities should embrace technology and innovation – Eskom’s Govender
Photo by Duane Daws
Eskom transmission and sustainability group executive Thava Govender

Land and asset sales on cards as government seeks revenue-neutral support for State firms

By: Terence Creamer     21st February 2018 Finance Minister Malusi Gigaba used his maiden Budget to reinforce President Cyril Ramaphosa’s recent announcement that stakes in cash-strapped State-owned companies (SoCs) could be sold to reduce their reliance on bail-outs and debt. Ramaphosa made the announcement in his response to the debate... 

Land and asset sales on cards as government seeks revenue-neutral support for State firms

Climate change driving energy innovation

By: Anine Kilian     21st February 2018 Climate change is a major driver of global energy innovation, says Clinton Foundation climate initiative senior regional manager Fiona Wilson. Speaking at the Africa Energy Indaba, in Johannesburg, on Wednesday, she said climate change has not just become an environmental concern, but also an... 

Climate change driving energy innovation
Photo by Duane Daws
Clinton Foundation climate initiative senior regional manager Fiona Wilson

There is relevance for nuclear power in South Africa, Niasa exec 

By: Anine Kilian     20th February 2018 South Africa needs to be prepared for the nuclear build programme, which has been in the pipeline for a decade now, says Nuclear Industry Association of South Africa supply chain committee member Des Muller. Speaking at the Africa Energy Indaba, in Johannesburg, on Tuesday, Muller stated that... 

AfDB expresses strong support for new Eskom leadership

By: Terence Creamer     20th February 2018 The African Development Bank (AfDB), which has extended loan facilities worth a collective R20-billion to South Africa’s power utility Eskom, expressed confidence on Tuesday that the new leadership at the cash-strapped State-owned company would restore the group’s governance and creditworthiness.... 

AfDB expresses strong support for new Eskom leadership
Photo by Duane Daws
AfDB VP for power, energy, green growth and climate change Amadou Hott

Ramaphosa should shift to green energy – Greenpeace

By: News24Wire      20th February 2018 Environmental organisation Greenpeace is demanding newly-elected President Cyril Ramaphosa takes urgent action on energy policy in South Africa. Ramaphosa delivered his maiden State of the Nation Address (SoNA) on Friday, when he highlighted economic growth and combating corruption. 

Emerging Africa Infrastructure Fund commits $200m in loans to fragile States

By: African News Agency      20th February 2018 The Emerging Africa Infrastructure Fund (EAIF), suppliers of debt finance to private sector infrastructure projects in sub-Saharan Africa, said on Tuesday that it had ended 2017 on a high note with $200-million in loan commitments to fragile states. EAIF, a company of the Private Infrastructure... 

Eskom board called on to prove utility not trading recklessly

By: Terence Creamer     19th February 2018 The Institute for Accountability in Southern Africa has written to Eskom chairperson Jabu Mabuza requesting a detailed written explanation as to why the current board believes the State-owned utility can be rescued from its current financial distress, cautioning that Eskom may currently be... 

Eskom board called on to prove utility not trading recklessly
Accountability Now director advocate Paul Hoffman

GE Power expects to build a renewables ‘ecosystem’ in South Africa as electricity mix transitions 

By: Terence Creamer     16th February 2018 The global head of GE Power says the group anticipates that South Africa’s future electricity mix will incorporate higher contributions from wind and solar and that its South African unit, which currently has a strong coal focus, will “pivot and adjust” its skills and localisation strategies... 

GE Power expects to build a renewables ‘ecosystem’ in South Africa as electricity mix transitions
GE Power president and CEO Russell Stokes

Eskom's Matshela Koko submits letter of resignation

By: News24Wire      16th February 2018 Controversial top Eskom executive Matshela Koko submitted his resignation on Friday, but did not admit to any guilt.   This came out at his second disciplinary hearing, currently taking place in Sandton. 

Eskom's Matshela Koko submits letter of resignation
Photo by Duane Daws
Eskom Executive Matshela Koko

Growing need to fuel power demand in Africa

By: Simone Liedtke     16th February 2018 Energy transformation in Africa is necessary to ensure that the 600-million people on the continent who do not have access to energy gain access, says regional event Africa Energy Indaba (AEI) MD Liz Hart, who adds that the growing population and need for African industrialisation will continue... 

Growing need to fuel power  demand in Africa
LIZ HART The growing population and need for African industrialisation will continue to fuel the demand for power

Kibo, Tanesco sign MoU

By: Simone Liedtke     14th February 2018 Africa-focused energy and resource company Kibo Mining has signed a memorandum of understanding (MoU) with the Tanzania Electric Supply Company (Tanesco) as a precursor to the finalisation of a power Purchase Agreement (PPA) for the Mbeya coal-to-power project (MCPP). The PPA is expected to be... 

Oracle Power gets approval for next step in coal, power plant development

By: Megan van Wyngaardt     12th February 2018 The Private Power and Infrastructure Board (PPIB) of Pakistan has approved the issue of notice to proceed (NTP) and letter of intent (LoI) for a coal mine and mine-mouth power plant in Block VI of the Thar desert, UK-based Oracle Power reported on Monday. The project is being developed in a... 

New CEO must position Eskom for ‘evolving energy markets and technologies’

By: Terence Creamer     12th February 2018 The newspaper advertisement calling for applications for the positions of CEO and CFO at State-owned power utility Eskom includes definite signs of the reforms that the newly appointed board is aiming to implement at the beleaguered organisation. The advertisement calls on appropriately qualified... 

New CEO must position Eskom for ‘evolving energy markets and technologies’
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

Editorial: Is Eskom loan a case of good money after bad?

By: Terence Creamer     8th February 2018 It seems an eternity since there has been anything to be excited about when it comes to South Africa’s most important, and most embattled, State-owned company (SoC), Eskom. Since 2008, the business has lurched from supply crunch to wet-coal chaos, from funding crisis to construction confusion,... 

Editorial: Is Eskom loan a case of good money after bad?

Criminal charges laid against Molefe over R30m pension payout

By: African News Agency      6th February 2018 Trade union Solidarity on Tuesday laid criminal charges against embattled former Eskom chief executive Brian Molefe and former Eskom board chairperson Ben Ngubane over the R30-million pension awarded to Molefe when he left the struggling state-owned power utility. “The charges focus specifically... 

Coal opponents prepare for yet another court battle over Thabametsi power project 

By: Terence Creamer     6th February 2018 Civil society organisations opposing the development of new coal-fired power generation capacity in South Africa say they will again approach the courts to challenge the latest environmental authorisation granted for the 557 MW Thabametsi coal-fired power station project, proposed for development... 

Coal opponents prepare for yet another court battle over Thabametsi power project

PIC advances R5bn bridging loan to fund Eskom through February

By: Terence Creamer     5th February 2018 The Public Investment Corporation (PIC) announced on Monday that it is advancing R5-billion to cash-strapped power utility Eskom in the form of bridging finance to fund the company’s operations during February. The one-month loan, which has been advanced on behalf of the Government Employees... 

PIC advances R5bn bridging loan to fund Eskom through February

Eskom expects to sign emergency funding deals in ‘day or two’ 

By: Terence Creamer     1st February 2018 Cash-strapped State-owned power utility Eskom confirmed on Thursday that its negotiations with funders to meet immediate debt-repayment obligations were at an advanced stage and that it expected to sign-off on the deals “in a day or two”. Eskom acting CEO Phakamani Hadebe revealed this week that... 

Eskom expects to sign emergency funding deals in ‘day or two’
Eskom chairperson Jabu Mabuza and acting CEO Phakamani Hadebe on the options being considered to improve the group's capital structure. Camera work & editing Darlene Creamer.

Eskom sees opportunity for emerging coal miners to improve utility’s security of supply, logistics

By: Mia Breytenbach     1st February 2018 State-owned power utility Eskom’s demand for about 750-million tonnes of coal between now and about 2040, has seen the utility identify opportunities arising for emerging coal miners in respect of two of its strategic objectives – the security of supply and logistics optimisation. Speaking at the... 

Koko‏ suspended from Eskom

By: African News Agency      1st February 2018 Eskom's head of generation Matshela Koko on Wednesday, confirmed that he was suspended from South Africa's power utility. "I have since this evening received a confirmation of my suspension from Eskom. I have been served with new charges. I welcome these developments and once again look forward... 

Former Eskom boss Brian Molefe plans to appeal court order to repay pension benefits

By: African News Agency      31st January 2018 The former boss of state power utility Eskom, Brian Molefe, is seeking leave to appeal a high court order compelling him to repay a pension payout it said he was not entitled to.  

Former Eskom boss Brian Molefe plans to appeal court order to repay pension benefits
Photo by Duane Daws
Brian Molefe

Eskom looking beyond shareholder to tackle ‘unsustainable’ capital structure 

By: Terence Creamer     30th January 2018 Having secured “in principle” commitments from funders to enable Eskom to meet looming debt obligations of R20-billion by the end of February, the new leadership at the power utility has started weighing various options, including asset sales, for shoring up the group’s fragile balance sheet.... 

Eskom looking beyond shareholder to tackle ‘unsustainable’ capital structure
Newly appointed Eskom chairperson Jabu Mabuza and acting CEO Phakamani Hadebe speak on governance, sustainability and Eskom’s immediate liquidity challenge. Camera Work & Editing: Darlene Creamer. Recorded:30.1.2018

AfDB renews commitment to connect 29.3m Africans to electricity grids

By: Megan van Wyngaardt     30th January 2018 The African Development Bank (AfDB) plans to provide 29.3-million people on the continent with access to electricity by 2020. Speaking during meetings of the United Nations Economic Commission for Africa, in Addis Ababa, at the weekend, AfDB president Akinwumi Adesina pledged support for the New... 

AfDB renews commitment to connect 29.3m Africans to electricity grids

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