Eskom News
Expect Load Shedding on “Short Notice” Warns Eskom
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Stage 4: SA Load-Shedding Up To Three Times a Day
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Eskom’s Plan to Avoid Load Shedding During Elections
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Load Shedding: How to Keep Productivity Up When The Power Goes Down
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Eskom Warns Incoming Cold Front Could Trigger Load Shedding in SA
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$1.1-Million Foreign Investment Boosts Solar Energy Manufacturing in South Africa
Sourced from Saur Energy. /* custom css */ .tdi_4_8fb.td-a-rec-img{ text-align: left; }.tdi_4_8fb.td-a-rec-img img{ margin: 0 auto 0 0; } The South African Photovoltaic Industry Association (SAPVIA) reports that it has welcomed the investment decision by Italian-based firm Enertronica Santerno to expand its manufacturing activities in South Africa. SAPVIA is the industry body representing solar PV (photovoltaics) in South Africa. The Italian firm, which has been an active player in South Africa over the past 10 years, will be investing up to R17-million ($1.1-million) to enhance the capability of manufacturing inverters for solar photovoltaic applications, including storage solutions, with a maximum initial production capacity of more than 500 MW per year, gradually ramping up to higher ca...
South African Emergency Powership Deal Scrapped Due to Environmental Concerns
Image sourced from Karpowership SA. /* custom css */ .tdi_4_964.td-a-rec-img{ text-align: left; }.tdi_4_964.td-a-rec-img img{ margin: 0 auto 0 0; } Karpowership has been refused environmental approvals for three gas-to-power projects in South Africa. Approvals were blocked by the country’s Department of Forestry, Fisheries and the Environment for reasons including that it did not comply with public participation rules. The Turkish company gained significant media attention after it was announced the winner in a 2000 megawatt (MW) government emergency power tender designed to help ease the massive strain on South Africa’s embattled power utility Eskom and lessen the impact of the rolling blackouts the country faces every year. /* custom css */ .tdi_3_349.td-a-rec-img{ text-align: left; }.td...
SA President Ramaphosa Finally Gives Greenlight for Private Companies to Boost Country’s Power Grid
Image sourced from SAFA /* custom css */ .tdi_4_c82.td-a-rec-img{ text-align: left; }.tdi_4_c82.td-a-rec-img img{ margin: 0 auto 0 0; } South African President Cyril Ramaphosa has announced that the SA government will finally lift the threshold for embedded generating electricity capacity from 1 MW to 100 MW in South Africa. This move will allow private households and businesses to self-generate power on a larger scale. Ramaphosa says that the increase in embedded generating capacity threshold is vital in creating new ambitious, bold and urgent responses to aid with the country’s ongoing energy crisis. “We are today announcing a significant new step in further reforming our electricity sector towards achieving a stable and secure supply of energy,” the President says. /* custom css */ .tdi...
Eskom Moves Loadshedding to Weekend Allowing SA Govt to Pass Bill on Friday
Image sourced from International Atomic Energy Agency /* custom css */ .tdi_4_e33.td-a-rec-img{ text-align: left; }.tdi_4_e33.td-a-rec-img img{ margin: 0 auto 0 0; } Embattled South African power utility Eskom is suspending load-shedding on Friday from 12:00 to 17:00 in order for the country’s parliament to pass an Appropriation Bill. In order for the power utility to make up reserves it will use to suspend the shedding on Friday, communities across the country will have to face load-shedding through the weekend. #PowerAlert1 In order to allow parliament to pass the Appropriation Bill, Stage 2 loadshedding will be suspended from 12:00 to 17:00 today@News24 @SABCNews @NewzroomAfrika @eNCA @IOL @ewnupdates @SundayTimesZA @SowetanLIVE @dailysunsa pic.twitter.com/d4naqeHG7B — Eskom Hld SOC Ltd...
Indebted Eskom Turns to Sukuk Market for Funding
Sourced from REVE South Africa’s embattled national power utility Eskom has new plans to issue a $58 million (R1 billion) sukuk bond in a bid to diversify funding sources as borrowing costs rise. According to spokesperson Sikonathi Mantshantsha, Eskom has appointed a new lead arranger “to work towards establishing timelines for the issue.” The power utility currently has over R450 billion in debt and has yet to announce further plans to ask the South African governments for additional capital injections. What is a sukuk? According to IOL, a sukuk is a Shariah-compliant investment and an attractive alternative to conventional bonds. For all intents and purposes a sukuk – Arabic for ‘investment certificate’ – is issued for the purpose of raising money for utilisation within a corporation or ...
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