Energy

A plan to establish the world’s largest green-energy financing initiative is being threshed out in South Africa, which needs to reduce its environmental footprint and find innovative ways to fund debt-stricken state power utility Eskom Holdings. The pl…

Mineral Resources and Energy Minister Gwede Mantashe has confirmed that government intends initiating discussions with both coal miners and independent power producers (IPPs) in an effort to lower the contracted prices currently being paid by strugglin…

Emerging liquefied natural gas (LNG) and helium producer Renergen has appointed Bohrmeister Technik as drilling contractor to undertake the drilling of a horizontal well in the prospective sandstone contained within its Virginia gas project’s productio…

Africa-focused energy company Kibo Energy has been informed by its Tanzanian subsidiary, Mbeya Power, that its water rights for the Mbeya coal-to-power project (MCPP), obtained in August 2018, were successfully renewed ahead of schedule. This ensures t…

Eskom’s debt is reaching R450-billion, with no signs of letting up as borrowing increases, revenue remains flat and municipalities renege on their commitments even further, Parliament has heard. Public Enterprises Minister Pravin Gordhan and Eskom chai…

Africa-focused Kibo Energy has received a preliminary notice to proceed with the construction and commissioning of its 5 MW gas-fueled power generation plant at Bordersley Power, in the UK. The notice was issued by the company’s 60%-owned subsidiary, M…

South Africa’s government is intent on putting embattled state power company Eskom Holdings back on a sustainable footing and will consult with its debt holders on any reorganisation, Public Enterprises Minister Pravin Gordhan said. “I think the market…