Tag Archive for: Electricity

Andrew Stegmann
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Eskom Urges South Africans to Use Electricity Sparingly

Eskom, South Africa’s main electricity provider, urged South Africans to continue using electricity sparingly to help them limit the impact of loadshedding as it will be implementing stage 2 loadshedding from 10pm tonight until 5am tomorrow morning.

Eskom spokesman Sikhonathi Mantshantsha said that stage 2 loadshedding will be repeated again Wednesday night starting at 10pm and 5am in the morning.

“This loadshedding is necessary to preserve emergency generation reserves in preparation for higher demand expected in January when economic activity resumes. During this period Eskom will continue to pursue increased reliability maintenance as planned and previously communicated to the public throughout the year,” said Mantshantsha.

He added that Eskom currently had over 9 700 MW of capacity on planned maintenance while another 11 300 MW was unavailable due to unplanned maintenance.

Eskom said their teams were working around the clock to return as many of these generation units to service. Mantshantsha said they would communicate timeously should there be any significant changes to the power system and to the loadshedding as planned today.

About two weeks ago, Eskom implemented Stage 2 loadshedding that started Secember 12 at 6am until 11pm. At the time, Eskom said it needed to implement the loadshedding in order to replenish the depleted emergency generation reserves for the coming week.

“As Eskom ramps up its planned maintenance during the lower demand summer period, as previously committed, it has had a large number of unforeseen breakdowns from the ageing, unreliable plant over the past few days. In addition to this, Eskom has taken two generation units at the Kendal Power Station offline in compliance with environmental legislation. Similarly, four generation units at the Camden Power Station have been taken offline to conserve the integrity of the ash dam facility,” said Eskom at the time.

 

For information as to how Relocation Africa can help you with your Mobility, Immigration, Research, Remuneration, and Expat Tax needs, email info@relocationafrica.com, or call us on +27 21 763 4240.

Sources: [1], [2]. Image sources: [1], [2].

Andrew Stegmann
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US Firm Aims to Build a Nuclear Power Plant in South Africa

The future of South Africa’s energy supply could be shaped by a cash injection from the United States of America. The government, in their ongoing discussions with NEDLAC and foreign investors, has entertained the idea of letting an international development firm finance and build a new nuclear power plant in South Africa.

As Bloomberg has confirmed, The US International Development Finance Corp (DFC) has signed a letter of intent to support plans laid out by NuScale, an American technology group that are ready to kick on with this project.

Amongst the billions of dollars they’ve pledged to South Africa, a ‘secure, reliable energy supply through the construction of new nuclear plants’ is their major priority.

The DFC released a statement last week, confirming that they would be pioneering in their ambitious blueprint. Should a new nuclear plant get the green light, this would be the first IPP funded by the USA throughout the whole of Africa.

“If the United States International Development Finance Corp is successful, NuScale would be the first U.S. nuclear energy IPP on the continent and would help support energy resilience and security in one of Africa’s leading economies.”

– Statement from the DFC

It’s understood that the DFC would go further than just building a new nuclear power plant in South Africa. It’s reported that their investment would plough billions into private infrastructure and public transport ‘between now and 2022’:

  • The construction of a billion-rand plant tops their agenda, providing a further 2 500 megawatts of power in South Africa.
  • The DFC has signed a letter of intent to support NuScale’s bid for South Africa’s independent power producer program.
  • The draft envisages R23 billion ($1.4 billion) being allocated to galvanize private investment in infrastructure.
  • A further R4.5 billion would be spent on public transport development over the next 12 months.

 

For information as to how Relocation Africa can help you with your Mobility, Immigration, Research, Remuneration, and Expat Tax needs, email info@relocationafrica.com, or call us on +27 21 763 4240.

Sources: [1], [2]. Image sources: [1], [2].

Andrew Stegmann
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South African Government to Allow Municipalities to Source Their Own Power

According to the Government Gazette, South Africa will allow municipalities to source their own power rather than buying electricity solely from the state-owned utility, potentially easing a dispute with its second-biggest city, Cape Town.

Earlier this year, a judge ordered further negotiations between the City of Cape Town and the energy ministry after the municipality sued the government because it wasn’t allowed to proceed with its own energy procurement plans. Under the planned rules, the local authority would still need government permission to do so, which it objects to.

In addition to wanting to generate more power from renewable resources, South African cities including Cape Town, Johannesburg, the adjacent industrial hub of Ekurhuleni and Tshwane, which includes the capital, Pretoria, have been subjected to regular power cuts because state-owned Eskom Holdings SOC Ltd. cannot meet demand and distribution infrastructure is dilapidated.

Cape Town has outlined plans to source electricity from solar plants and waste-to-power projects at its landfill sites. Eskom produces most of its power from coal.

Leila Mahomed-Weideman, director of sustainable energy markets for the City of Cape Town, said she couldn’t immediately comment.

 

For information as to how Relocation Africa can help you with your Mobility, Immigration, Research, Remuneration, and Expat Tax needs, email info@relocationafrica.com, or call us on +27 21 763 4240.

Sources: [1], [2]. Image sources: [1], [2].

Andrew Stegmann
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Africa Energy Insights: Virtual Event 2020

The Africa Energy Indaba is launching a series of Energy Insights with thought-provoking and progressive discussions from influential energy experts. The objective of the Energy Insights will be to identify and capitalize on opportunities that have the propensity to take energy businesses to unprecedented levels of growth in Africa. The inaugural Energy Insight will deliver an address by Mr. Wale Shonibare – Director, Energy Financial Solutions, Policy and Regulation from the African Development Bank on; Financing and regulatory trends in the African power sector – Perspectives from the African Development Bank.

KEY POINTS OF DISCUSSION INCLUDE:

  • The market for the financing of private sector transactions on power projects: key trends in regulation, tariffs, financials and procurement practices
  • The need for new instruments to fund power projects: examples of Blended Finance, Climate Finance, Public-Private Partnerships, and other instruments developed by the African Development Bank and its partners
  • The role of local currency and capital markets to fill the financing gap for power projects

Registration is free, and can be obtained by visiting this page.

 

For information as to how Relocation Africa can help you with your Mobility, Immigration, Research, Remuneration, and Expat Tax needs, email info@relocationafrica.com, or call us on +27 21 763 4240.

Sources: [1], [2]. Image sources: [1], [2].