Gold Fields targets 5% energy consumption reduction in SA

[img:Goldfieldslo.thumbnail.jpg| ]19 July 2012 - Electricity accounts for 95% of gold mining company Gold Fields’s energy consumption in South Africa. Plans by public power utility Eskom to significantly raise electricity prices over the coming years, as well as concerns by Gold Fields around security of supply makes reducing electricity consumption a priority for the company, according to its integrated annual review.

Renewable energy has come of age – says IEA executive director

[img:MariavdH.thumbnail.jpg|Maria van der Hoeven,
Executive Director,
IEA
]18 July 2012 - International Energy Agency (IEA) executive director Maria van der Hoeven says that renewable energy has come of age. “Renewable energy has seen a huge expansion in the last decade and is an increasingly important part of the global energy mix,” she says.

“The world's energy system is being pushed to the breaking point as our addiction to fossil fuels grows stronger by the year. Achieving a more secure, sustainable energy system requires urgent action by the world's major governments, who until now have failed to put us on the path toward a clean-energy transformation. If this collective policy failure continues and nothing is done to bring greenhouse-gas emissions under control, we face potentially disastrous environmental and economic consequences.

Trends in transmission markets

transmission_lines
 
18 July 2012 - Demands to incorporate renewable power sources into the transmission network will drive the switchgear industry, while efforts to reduce power transmission losses and connect the increasingly electrified world continue, says technology expert GlobalData in one of its reports.

Cold weather sees SA electricity demand peak

[img:Thermometer.thumbnail.jpg| ]17 July 2012 - At the start of this week South Africa’s power utility Eskom was closely monitoring weather conditions around the country, after snow and heavy rain had affected power lines and sub-stations in the Cape and elsewhere over the weekend. Some customers, particularly in the Eastern Cape, experienced power outages as the result of the storm damage but supply was restored in almost all areas. Eskom had anticipated inclement weather and had staff, helicopters and equipment on standby. This enabled it to respond rapidly to repair damaged infrastructure, despite difficulties in accessing sites.

Financing for 700 MW Jorf Lasfar expansion project in Morocco

[img:JorfL.thumbnail.jpg| ]17 July 2012 - Abu Dhabi National Energy Company, also known as Taqa, says that its wholly-owned subsidiary, Jorf Lasfar Energy Company signed financing arrangements for US$1.4 billion of 16 year non-recourse project financing during June 2012. This will go to the 700 MW expansion of Taqa's Jorf Lasfar coal-fired power complex in Morocco.

BNP Paribas, Société Générale and Standard Chartered Bank are the mandated lead arrangers for the international debt facilities, while Morocco's Banque Centrale Populaire (BCP) is the mandated lead arranger for the Moroccan Dirham credit facilities, representing about 40% of the total debt. Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI) and Export-Import Bank of Korea (Korea Eximbank) will provide direct loans and loan guarantees for more than 50% of the total project debt. This is the first time the Japanese and Korean export credit agencies have participated in a project finance transaction in Morocco.

Emerging countries require massive investment to meet future power demand

[img:Lightbulb1_0.JPG| ]17 July 2012 - The growing economies and population of emerging nations mean that huge investment is needed for these power markets to meet demand, according to energy sector analyst GBI Research. Countries across South East Asia, Africa and the Middle East have been amending regulatory frameworks and embarking on privatisation, as many of them are in serious need of external funding to ensure that their respective electricity industries are capable of dealing with the inevitable surge in demand.

Liquid catalyst can reduce carbon emissions during fossil fuel burning

[img:h2_01.thumbnail.jpg| ]17 July 2012 - A carbon liquid catalyst called BMES-H2 has been developed that reacts with hydrocarbon based fossil fuel such as coal, heavy fuel oil (HFO), diesel, natural gas, oil sands, liquefied natural gas (LNG) and liquefied petroleum gas (LPG) etc. to enhance their combustion calorific efficiency.

BMES-H2 can be used in industrial boilers with a heating temperature of  ≥ 500°C. It works by reacting with the hydrocarbons in coal and releasing the inherent hydrocarbons so that the burning will be more efficient and the boiler optimised. Ideal industries would be power plants, metal foundries, cement plants, boilers and furnaces etc. as they all use very high heating temperature. In-house test results shows that by applying about 1% of BMES-H2 onto coal, the output of the combustion efficiency can be improved by approximately 20%.

Eskom provides update on tariff application

[img:Money_0.jpg| ]16 July 2012 - Eskom says that it has yet to finalise the application it will submit to the National Energy Regulator of SA (Nersa) for tariff increases for the period from 1st of April 2013, but expects to do so within the next few weeks, once input has been received from organised local government and the National Treasury.

Eskom has submitted its proposed multi-year price determination (MYPD) 3 application to the SA Local Government Association and the National Treasury for comment, in compliance with the requirements of the Municipal Financial Management Act (MFMA). The Act requires that organised local government and the National Treasury must be given 40 days in which to comment on the application, and that their inputs be taken into account in the final application which is submitted to Nersa.

Electricity market liberalisation and the ending of monopolies

[img:Lalaua%20-%20Pic%201_0.jpg| ]16 July 2012 - Power market liberalisation is paving the way for the fall of market monopolies in many countries, allowing new utilities to enter the industry as privatisation fuels competition in the electricity sector, according to a new report by energy expert GlobalData. Better service, more competitive pricing and new technologies will be expected of electricity companies as the expanding power industry forces them to compete.

Citizens will be able to sell electricity to Swaziland Electricity Company

[img:LindiweN_0.jpg|Lindiwe Ntshangase,
Senior Energy
Officer, MNRE
]16 July 2012 - The Times of Swaziland reports that people in Swaziland will be able to generate electricity and sell it to the Swaziland Electricity Company (SEC).

Lindiwe Ntshangase, senior energy officer at the Swaziland’s ministry of natural resources and Energy (MNRE) says, "SEC is no longer a monopoly so individuals can produce their own electricity and sell it to the grid. If, for example, you are generating solar energy for use in your household or business, you will be able to sell the excess to SEC.”

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