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Gordhan’s IPP renegotiation proposal triggers ‘breach of contract’ warnings
Published: 15 Feb 19
A report indicating that the South African government may seek to renegotiate power purchase agreements (PPAs) concluded with independent power producers (IPPs) in 2011 and 2012 is raising alarm bells within the industry, which is still recovering from a protracted period of uncertainty created by Eskom’s refusal to sign new PPAs between 2015 and 2018. Business Day reported on Friday that Public Enterprises Minister Pravin Gordhan had proposed that contracts concluded during the first two bid windows of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) be renegotiated to “alleviate pressure on Eskom and the electricity tariff”.
On-The-Air (15/02/2019) Has Audio
Published: 15 Feb 19
African countries are streaking ahead of South Africa on the mining automation front; mining companies are opting for solar power because it is cheaper than Eskom power; and only black-owned companies will be allowed to buy the seven mining operations that are up for sale in Mpumalanga. White-owned companies are excluded.
Eskom’s operational and financial crisis Has Video
Published: 15 Feb 19
Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the operational and financial crisis facing Eskom, the immediate priorities for overcoming the crisis and what impact the proposed unbundling of Eskom is likely to have on the utility in the short term.
Harmony Gold and DRDGold make headlines Has Video
Published: 15 Feb 19
Mining Weekly editor Martin Creamer unpacks Harmony Gold rising to President Cyril Ramaphosa's ten-point mining challenge, DRDGold calling Eskom’s grid upkeep problematic and, Harmony looking to solar power and biofuel energy.  
Banks urge Ramaphosa to put politics aside in fixing State firms
Published: 15 Feb 19
A lobby group representing South African banks urged President Cyril Ramaphosa to prioritise the country’s wider interests rather than securing votes for the ruling African National Congress if he is to boost confidence in the economy before May elections. Ramaphosa’s plan to split its troubled power utility Eskom Holdings into three separate parts has met resistance from the country’s largest labor federation, which has been in an alliance with the ANC and the country’s communist party since winning the nation’s first multi-racial elections in 1994. While his administration has replaced boards and top executives at state-owned companies, including Eskom, it hasn’t embraced the job cuts needed to bring costs down or the privatisation of State assets.
Load-shedding 'not likely' on Friday – Eskom
Published: 15 Feb 19
Eskom was not likely to implement load shedding on Friday, the power utility said. "Due to further improvement in generation performance and the notable strides made in replenishing water and diesel reserves, Eskom is not likely to implement load shedding on Friday. We thank South Africans and all our customers for working with us through a very difficult five days," Eskom said in a statement on Thursday night.
Yashin Brijmohan
Published: 15 Feb 19
This week we profile Yashin Brijmohan, executive dean for business, engineering and technology at Monash University South Africa Full Name: Yashin Brijmohan
Renewables ensure cleaner national energy
Published: 15 Feb 19
The wide-scale adoption of renewable energy projects throughout South Africa will result in a more cost-effective and cleaner national energy supply, says renewable-energy development and management company G7 Renewable Energies. “About 20 years ago, the renewables debate was about environmental considerations and whether it was necessary to introduce cleaner forms of electricity generation,” explains G7 Renewable Energies MD Kilian Hagemann.
Published: 15 Feb 19
Eskom CFO Calib Cassim presenting at the National Energy Regulator of South Africa’s (Nersa’s) public hearings in Gauteng last week. Eskom is requesting allowable revenue of R219-billion for 2019/20, R252-billion for 2020/21 and R291-billion for 2021/22, which, if granted, would translate to tariff increases of 17.1%, 15.4% and 15.5% for the three years respectively. Labour, business a civil society bodies have mounted stiff resistance to the application, claiming that above-inflation hikes will destroy jobs, undermine investment and even accelerate Eskom’s own downward spiral as energy-intensive firms close. Nersa has indicated that it will announce its decision before March 15.
Listen to the customer?
Published: 15 Feb 19
One of the most hotly contested technical points debated during the National Energy Regulator of South Africa’s (Nersa’s) nationwide hearings into Eskom’s application for allowable revenue of R863-billion for the coming three-year period related to the elasticity of electricity demand. Eskom is requesting allowable revenue of R219-billion for 2019/20, R252-billion for 2020/21 and R291-billion for 2021/22, which, if granted, would translate to tariff increases of 17.1%, 15.4% and 15.5% for the three years included in the fourth multiyear price determination period. These hikes do not include the 4.41% Regulatory Clearing Account (RCA) increase already scheduled for introduction form April 1 and which will be sustained in the tariff base for four years. Not do they accommodate any additional claw-back that could arise from Nersa’s evaluation of a further RCA application for the 2017/18 financial year.
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