Tuesday, 06 July 2010 11:07

Key decisions Eskom has to make in 2010

“South Africa needs to create 50 GW of new electricity capacity by 2028, requiring a faster building rate than ever before. 2010 is a very important year in terms of ensuring energy security in South Africa,” said Kannan Lakmeeharan, managing director of the System Operations and Planning Division of Eskom at an event hosted by the South African National Energy Association (SANEA). “If South Africa wants to ensure long-term electricity supply until 2028, key decisions have to be taken in this defining year.”
Eskom’s long term Negotiated Pricing Agreements (NPAs) for the supply of power to BHP Billiton’s Mozal smelter in Mozambique and their Hillside and Bayside smelters in South Africa is in the process of being amended. The new pricing path will not be linked to commodity pricing and foreign currency.
On 31 March, Exxaro announced that the Medupi Coal Supply Agreement with Eskom had been finalised. “Eskom signed a definitive agreement on 26 March 2010. In terms of the revised agreement, the delivery of first coal is planned for the second quarter of 2012 with a ramp-up to full production by 2015,” the coal mining company said in a statement.
Eskom’s power tariff increased by 24,8% on 1 April 2010 and subsequent increases of 25,8% for 2011/2013 and 25,9% for 2012/2013 will follow. The National Energy Regulator of South Africa (Nersa) approved these increases in February which were less than the 35% increase that Eskom applied for.
A joint study by the International Energy Agency (IEA) and the OECD Nuclear Energy Agency (NEA), entitled the Projected Costs of Generating Electricity: 2010 Edition was released in March. Amongst other key conclusions, the report determined that the cost of electricity in the coming years will depend on a number of key parameters, mainly the costs of raising financial capital and the price of carbon.
Have you submitted your SANEA ENERGY AWARDS 2010 nominations yet? If not, please do so without delay – the deadline is Friday, 28 May 2010!
Spectators and TV viewers alike will have the best possible viewing experience at six of South Africa’s top sports stadiums after the installation of new state of the art Philips sports lighting.
Wednesday, 24 March 2010 12:22

Smart grids offer endless possibilities

“Don’t underestimate the cost of not doing anything about the decreasing electricity supply and rising electricity costs,” says Jonathan de Magalhães, Managing Director of Pre Plan Energy, a company that specialises in providing integrated renewable energy solutions to companies in Africa.
Low-income individuals, homes and businesses typically have limited options when it comes to accessing small-scale finance for the purchase of modern energy services. These small-scale finance options (such as small loans, credit and other financial products) are very important for expanding access to the type of energy services that are sustainable, healthy and environmentally friendly.
A report titled “The Energy Access Situation in Developing Countries, A Review Focusing on the Least Developed Countries and Sub-Saharan Africa” showed that a quarter of humanity live without electricity – 80% of these people being in the least developed countries (LCDs) of South Asia and sub-Saharan Africa. A further three billion people (half of the world’s population) have to rely on solid fuels because they don’t have access to modern energy services.

GIL Africa 2017