South Africa’s government will seek cabinet approval for an $8.5 billion plan to transition away from the use of coal to generate electricity in order to secure funding from some of the world’s richest nation.
Power utility Eskom has given the latest load shedding update, noting that rolling blackouts will be eased into the weekend but remains elevated.
The decreasing reliability of Eskom's energy supply and recent consistent load shedding has significantly impacted mining costs and operations - and companies are now being forced to look for an alternative, says financial services firm PwC.
South Africa’s Eskom Holdings chief executive officer Andre de Ruyter said power cuts should start easing within the next 10 days when big generation units are expected to come back online.
Power utility Eskom has announced that load shedding will be pushed to stage 4 at 18h00 on Tuesday (4 October) until further notice.
Eskom’s newly-appointed chairperson Mpho Makwana says that the board needs one to two months to conduct an “onboarding programme” before he can confidently comment on any plans to resolve South Africa’s energy crisis.
Power utility Eskom says that is launching an investigation into the conduct of one of its employees after the shutdown of Camden Power Station due to demineralised water contamination last week.
South Africa wants to attract investment and developments from Saudia Arabia that can assist in domestic energy challenges, says Ebrahim Patel, the minister of trade and industry of South Africa.
Mining giant Anglo American says it will form a new joint company with Electricite de France SA subsidiary EDF Renewables, named Envusa Energy, to develop a regional renewable energy ecosystem in South Africa.
Most investors, instead of insisting that companies set more challenging goals, seem to be satisfied as long as what they’re buying is labeled green.
© 2022, Instive. All rights reserved
