No immediate plan to list Aveng in Australia, but future listing likely amid change in reporting currency to Aussie dollar

JSE-listed Aveng, which recently relocated is management epicentre to Australia and changed its reporting currency from South African rands to Australian dollars, has no immediate intention of... 

Dispute over 5 km road could highlight far bigger road-building problem for Gauteng

A legal dispute over the granting of an environmental authorisation for a 5-km new road, the K148, in southern Gauteng has the potential to highlight serious legal impediments to the development of... 

Climate Change Response Fund to channel resources to adaptation, early-warning systems – Creecy

Forestry, Fisheries and the Environment Minister Barbara Creecy reports that the Climate Change Response Fund announced by President Cyril Ramaphosa in his State of the Nation Address (SoNA) has... 

NO CARBON CRUNCH

The Presidency has expressed confidence that South Africa will meet its greenhouse gas emission reduction targets even if it keeps some coal-fired plants, such as the one pictured here, open beyond... 

Progress, but too slow

There is growing impatience over the slow pace at which the South African government is moving to harness the $11.6-billion in concessional loans and grants pledged by several developed countries... 

M&R weighing capital-light re-entry into Australian mining market

JSE-listed Murray & Roberts (M&R) says it still intends to regain a foothold in the Australian mining market, which it lost when RUC’s Australian holding company entered voluntary administration in... 

Pele Green Energy looking beyond R2.5bn funding innovation as it hastens towards ‘South African IPP’ vision

Following its recent success in securing new public and private power purchase agreements, Pele Green Energy (PGE) is already having to consider additional funding options beyond the pioneering... 

Move to formalise deal on injecting private skills into Eskom amid plan to add and recover 10.6 GW by end-2025

Government and business have set a goal of increasing South Africa’s electricity generation capacity by 10.6 GW by the end of 2025 as part of ongoing collaborative efforts to tackle growth-sapping... 

Eskom says it is on track for permanent repair of Kusile stack by December

Eskom insists it is on track to complete the repairs to the ducts in the west stack at the Kusile power station by December 2024, ahead of the March 31, 2025, deadline set by the Department of... 

Assessment of Eskom coal fleet warns ‘fixation on the EAF is a dead end’

An expert assessment of the state of Eskom’s 14 coal-fired power stations conducted between March and May 2023 describes the prevailing “fixation” on the coal fleet’s energy availability factor... 

Innovative 128 MW solar-wind-battery project achieves financial close

The 128 MW Oya Energy hybrid project, which will combine variable renewables and batteries to produce dispatchable electricity daily between 5:00 and 21:30 for injection into South Africa’s... 

Not practical to implement new ‘black box’ tariff rules from 2025, Eskom insists

Eskom says the Electricity Pricing Determination Rules (EPDR) approved by the National Energy Regulator of South Africa (Nersa) in December cannot be implemented for the 2025/26 financial year as... 

Former IPP Office head sees definite role for private sector in grid development but highlights need for consultation

The former head of South Africa’s Independent Power Producer (IPP) Office, Karen Breytenbach, believes there is a compelling case for the injection of private sector investment to accelerate the... 

Full transparency

The decision to drawdown R150-billion from the Gold and Foreign Exchange Contingency Reserve Account (GFECRA) to reduce government borrowings and surging debt-servicing costs was the major feature... 

Cabinet and business praise Sasol and TFR for ‘first-of-its-kind’ partnership to repair 128 ammonia tankers

Both Cabinet and organised business have lauded the five-year public-private partnership agreement between Sasol and Transnet Freight Rail (TFR), under which the energy and chemicals group will... 

Business sees appointment of Phillips as key step in accelerating Transnet Recovery Plan

Organised business says the appointment of a permanent executive team at Transnet – led by CEO Michelle Phillips, who has been acting in the role since September and who has been with the utility... 

Amid disposals, AECI aligns internationalisation strategy to regions geared for rapid critical minerals growth

JSE-listed AECI, which is undergoing far-reaching restructuring to re-focus on its core mining and chemicals businesses and reduce debt, reports strong initial interest in the six noncore companies... 

Settling on funding solutions for expedited grid infrastructure set as a Just Energy Transition Investment Plan priority

Finalising funding solutions for the expedited expansion of South Africa’s electricity transmission grid has been identified as a key priority for the Just Energy Transition (JET) project... 

Sasol prioritising coal de-stoning investment as it seeks to allay fears over big Secunda output dip

Energy and chemicals group Sasol has moved to address investor concerns that its yearly production at Secunda will need to fall to only 6.7-million tons for it to meet its goal of reducing the... 

Ramokgopa says govt close to finalising structure for private grid financing

Electricity Minister Kgosientsho Ramokgopa says all the work being done by government on the financial structure to facilitate private investment into the country’s transmission infrastructure is... 

AMSA sees plausible pathway for salvaging longs unit, but ready to reverse closure deferral if urgent progress is not made

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind-down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on... 

Nersa makes far-reaching changes to tariff rules, but implementation timing uncertain

The National Energy Regulator of South Africa (Nersa) has approved far-reaching changes to the way electricity tariffs will be set in future, but it could still take some time before the rules are... 

Preferred bidder for Richards Bay bunker fuels terminal named

Transnet National Ports Authority (TNPA) has appointed FFS Tank Terminal as the preferred bidder to develop and operate a liquid bulk terminal specialising in bunker fuels on a brownfield site at... 

Crunch time

The consequences of policy failure in electricity are so obvious there is no need to ventilate them again. Not so for gas, however, given that they are only visible to those manufacturers that have... 

Eskom insists downward EAF slide has been ‘arrested’ amid Stage 4 loadshedding

Eskom insists the performance of its unreliable generation fleet is on an improving trajectory, releasing a graphic-heavy statement on February 22 disputing a recent report stating that its... 

Godongwana draws down R150bn from gold and forex account to reduce borrowings and debt-service costs

Finance Minister Enoch Godongwana unveiled a far-reaching reform in relation to government’s treatment of the Gold and Foreign Exchange Contingency Reserve Account (GFECRA), which will result in... 

R4bn may be removed from Eskom debt-relief for failure to meet EFC sale deadline

The South African government is proposing to reduce its planned allocations to Eskom under a previously announced R254-billion debt-relief package by R2-billion a year for the 2023/24 and 2024/25... 

RFP for private transmission investment to be launched in July

The South African government will release a request for proposals (RFP) in the coming months seeking private sector investment into a pilot electricity grid infrastructure project. The National... 

No immediate plan to list Aveng in Australia, but future listing likely amid change in reporting currency to Aussie dollar

JSE-listed Aveng, which recently relocated is management epicentre to Australia and changed its reporting currency from South African rands to Australian dollars, has no immediate intention of... 

Eskom backs Necom-level consultation on use of electricity tokens to upscale virtual wheeling

Eskom Distribution MD Monde Bala has signalled the utility’s willingness to consider the integration of an Electricity Credit Token (ECT) financial instrument to accelerate the implementation of a... 

Impact of curtailment on BW7 under discussion

The Independent Power Producer Office (IPPO) reports that it is engaging with Eskom on its newly released curtailment addendum to the latest Generation Connection Capacity Assessment (GCCA 2025) –... 

SA green hydrogen developers urged to bid for €270m German grant funding

South African developers of mature green hydrogen or derivatives projects are potentially eligible for nonrefundable grant funding being extended under Germany’s €270-million Power-to-X (PtX)... 

Reform momentum

From an economic perspective, the most important signal provided by President Cyril Ramaphosa in his State of the Nation Address was that the reform agenda remains in place, and that it will be... 

Ramokgopa denies President’s pre-Stage 6 SoNA assertions caused embarrassment and insists loadshedding ‘corner has been turned’

Electricity Minister Kgosientsho Ramokgopa has move to defend the statement made by President Cyril Ramaphosa in his State of the Nation Address (SoNA) on Thursday night that “the end of... 

Energy Vault, consortium enter licensing deal for gravity storage solution

Grid-scale energy storage solutions company Energy Vault has signed a licensing and royalty agreement with a South African consortium, established with the aim of deploying the NYSE-listed... 

Dedicated freight lanes and restricted truck operating hours mooted in draft plan to shift cargo back to rail

The Department of Transport (DoT) is canvasing as series of interventions aimed at attracting freight back to South Africa’s struggling rail system from road, which has emerged as the country’s... 

Independent transmission project office to be set up to procure new grid using ‘build, operate, transfer’ model

Electricity Minister Kgosientsho Ramokgopa reports that government plans to establish an independent transmission project office, located either at the Development Bank of Southern Africa (DBSA) or... 

Worrying outlier

The International Energy Agency’s (IEA’s) most recent report on the electricity sector includes a troubling section on Africa’s recent underperformance in this regard. In the section, the authors... 

Ramaphosa moots ‘innovative investment models’ for grid as he reiterates support for power and logistics reform

President Cyril Ramaphosa used his final State of the Nation Address ahead of upcoming elections to reiterate government’s commitment to reforms in the country’s failing power and logistics... 

Energy Council welcomes IRP extension, calls for strong reform message in SoNA

Energy Council CEO James Mackay has welcomed the decision of the Department of Mineral Resources and Energy to extend the comment period for the draft Integrated Resource Plan (IRP) 2023 by a month...