The National Energy Regulator of South Africa (Nersa) will host public hearings in February as part of its adjudication of Eskom’s latest Regulatory Clearing Account (RCA) application for the 2018/19 financial year. Eskom is looking to recoup R27.3-bil…
Nersa to host hearings in February into Eskom’s latest R27.3bn claw-back claim Read More »
Many South Africans could be without electricity this weekend if rain continues, state power utility Eskom said on Friday, after announcing it would cut up to 4 000 MW of power as wet weather makes it difficult for power stations to use coal. Coal hand…
Power cuts may last the weekend if rain persists Read More »
Many South Africans could be without electricity this weekend if rain continues, state power utility Eskom said on Friday, after announcing it would cut up to 4 000 MW of power as wet weather makes it difficult for power stations to use coal. Coal hand…
Power cuts may last the weekend if rain persists Read More »
Troubled State-owned power utility Eskom warned on Thursday that its record R20-billion loss of 2018/19 would be repeated in 2019/20 and said that planned cost-savings and already-secured fiscal transfers would have to be accompanied by debt relief and…
Debt relief and more tariff hikes in focus as Eskom warns of yet another R20bn loss Read More »
The timeline for South Africa’s plan to overhaul its power sector by breaking up loss-making State utility Eskom over the next three years is "somewhat optimistic", S&P Global Ratings said on Tuesday. President Cyril Ramaphosa promised in F…
South Africa’s power sector reform timeline ‘optimistic’ – S&P Read More »
Zimbabwe’s mining industry has appealed to the government for help, saying output is slumping as the state-owned power company fails to honour electricity-supply contracts. Zesa Holdings has broken its promise to “ring-fence” supplies to miners, Zimbab…
Zimbabwe miners appeal to Minister over power-supply failure Read More »
Gold miner Resolute Mining will develop a new hybrid modular power station for its Syama gold mine, in Mali, combining solar, battery and thermal generation technologies. The ASX- and LSE-listed miner on Monday said that it had partnered with power gen…
Resolute taps renewable energy at Syama Read More »
South Africa’s power utility Eskom needs around R187-billion to comply fully with existing legislation curbing harmful emissions, a government presentation to parliament showed on Wednesday. Eskom, which uses mainly coal-fired power plants to generate …
Eskom needs R187bn to comply with new emissions laws Read More »
Eskom Holdings’ bonds, rated deep junk, are the gift that keeps on giving. The securities yield more than the government’s debt, yet are backed by a guarantee that kicks in before a default is even on the horizon. The yield premium on Eskom’s rand bond…
How Eskom’s ironclad government guarantee works Read More »
Considering that South Africa’s debt-stricken and loss-making state power utility poses the biggest risk to the economy, appointing a permanent chief executive officer to turn it around is widely seen as a top priority for President Cyril Ramaphosa’s a…
Eskom left in limbo as South Africa stalls appointment of CEO Read More »
