for Generation]Johannesburg, South Africa --- ESI-AFRICA.COM --- 23 November 2010 - South African power utility Eskom has reported a strong surge in first-half profit, boosted by higher power tariffs, and says it has also secured the necessary funding for its expansion programme.
The state-owned company, which supplies 95% of electricity in South Africa, said in a first-half results statement released here that net profit for the six months to 30 September was R9.5 billion compared with R1.1 billion in the same period a year earlier. Revenue had totalled R51.1 billion, compared with R38.3 billion in the same period of 2019.
[img:65_66Pic3.thumbnail.jpg|A wind farm â€’
Exxaro is planning
two wind projects]Johannesburg, South Africa --- ESI-AFRICA.COM --- 23 November 2010 - Diversified South African-based resources group Exxaro Resources Limited (Exxaro) has invested heavily in clean energy projects to reduce its reliance on electricity supplied by Eskom. The national power utility is already struggling to meet increasing demand in Africa's biggest economy, and to supply cost-competitive electricity to others.
[img:Assesment2.thumbnail.jpg|Power â€’ Eskom
to Botswana]Johannesburg, South Africa --- ESI-AFRICA.COM --- 22 November 2010 - South African state-owned power utility Eskom Holdings Limited â€’ the largest provider of power in southern Africa â€’ is reducing supplies to Botswana as it struggles to meet demand in its home country.
“Eskom has cut its maximum supply to Botswana â€’ the world’s largest diamond-producing nation â€’ by 40% to 250 megawatts (MW) in the past two years,” it said in an e-mailed reply to queries. “The current agreement will continue to decline in capacity until the end of 2012 when it expires.”
[img:Deals - Ch_0.jpg|Chinese Vice
Jinping]Gaborone, Botswana --- ESI-AFRICA.COM --- 22 November 2010 - Chinese Vice President Xi Jinping has signed several economic deals with Botswana, including an energy agreement and one offering the southern African country US$6 million (R42 million) for development.
Xi, touted as China's next president, arrived in Botswana on Saturday, the last stop on his Africa tour, after visiting oil producer Angola, China's biggest African trading partner, and South Africa, Africa's biggest economy.
[img:Cancellation - Pic 1_0.jpg|Workers laying
down core at the
in Botswana]Perth, Australia --- ESI-AFRICA.COM --- 19 November 2010 - Australian resource development company Aviva Corporation has abandoned plans to develop a 1 000MW coal-fired power station in Botswana, which had banked on concluding a power purchase agreement with South Africa.
[img:Power SA.thumbnail.JPG|Eskom power â€’
may be protected
by future regulation
of coal exports]Johannesburg, South Africa --- ESI-AFRICA.COM --- 18 November 2010 - The South African government is giving serious consideration to the future regulation of coal exports, in order to protect power utility Eskom from local producers who get higher prices for their coal in India and China.
sources are becoming
increasingly important]Johannesburg, South Africa --- ESI-AFRICA.COM --- 18 November 2010 - The power supply crisis facing South Africa has accelerated the need to diversify the nation’s energy mix and to move towards alternative energy sources such as solar heating, wind, PV, hydro and various solar thermal technologies.
A large Eskom delegation will meet up with other South African industrial giants, municipalities and mines in Johannesburg next week to tackle the country’s challenges in maintaining, upgrading and ensuring continuous reliability of physical assets and human resources. The newly-appointed Public Enterprises Minister, Malusi Gigaba, will deliver the keynote address on Tuesday, 23 November at the Reliability & Maintenance Week conference and exhibition taking place at Emperors Palace.
[img:Paladin - T_0.jpg|A view of Paladin’s
Langer Heinrich uranium
mine in Namibia]Perth, Australia --- ESI-AFRICA.COM --- 17 November 2010 - Paladin Energy Limited â€’ the Africa-focused Australian mining company producing uranium in Namibia and Malawi â€’ expects prices to keep rising as China drives the international demand for nuclear fuel.
Reinforcing this statement, Paladin CEO John Borshoff told analysts on a call here that China had “piled up” contracts to import uranium. “Although they have sucked a chunk out of new production, they are nowhere near their target of acquiring in the vicinity of 45 to 50 million pounds per annum by 2020,” he pointed out.
[img:Tongaat - Pic 1_0.jpg|Tongaat Hulett â€’
sugar today, bio-fuel
tomorrow]Tongaat, South Africa --- ESI-AFRICA.COM --- 16 November 2010 - Internationally-known sugar company Tongaat Hulett â€’ which has considerable expertise in bio-fuel production and electricity co-generation â€’ faces the prospect of multi-billion-rand earnings by selling electricity to Eskom.
In its latest results statement the company said that by burning bagasse and trash in its sugar milling plants it could sell 189MW of power to the electricity parastatal. This could earn the company up to R3 billion a year depending on price, according to a Moneyweb report quoting Tongaat CEO Peter Staude, who said negotiations were proceeding.