Southern Africa

Southern African related content

Eskom to spend US$45 billion in seven years

[img:Winter%20-%20Pic%201_0.jpg|Eskom power ‒
funds for the future
]Pretoria, South Africa --- ESI-AFRICA.COM --- 20 April 2011 - South African national power utility Eskom will be spending close to US$45 billion in the seven years between now and 2018, according to the newly appointed director-general of the National Treasury.

Lungusa Fuzile ‒ who assumes duty in her new position on May 16 ‒ said the utility had gone a long way towards sourcing the bulk of this money.

NUM threatens Eskom strike

[img:Lesiba_0.jpeg|NUM spokesman
Lesiba Seshoka
]Johannesburg, South Africa --- ESI-AFRICA.COM --- 20 April 2011 - South Africa's National Union of Mineworkers (NUM) has reiterated that it would take strike action against national power utility Eskom Holdings, and has confirmed that it is now demanding a 16 %, one-year wage hike.

Spokesman Lesiba Seshoka told Reuters that there was no timeframe for the possible action, but added that it was possible before June or July. “We have not set a date for a strike, but we are saying that the likelihood of having a strike is greater,” Seshoka said.

NUM will submit pay demand to Eskom today

[img:Assesment2.thumbnail.jpg|Power blackouts could
happen as Eskom faces
possible strike
]Johannesburg, South Africa --- ESI-AFRICA.COM --- 19 April 2011 - South African national power utility Eskom’s biggest trade union wants a 16% wage increase this year.

The National Union of Mineworkers (NUM) represents some 11 000 Eskom workers, and will present Eskom with its list of demands for this year’s negotiations today.

Eskom confirms solar heater rebate reductions

[img:Rebates%20-%20Pic%201_0.jpg|Solar heater installed
on a house roof
]Johannesburg, South Africa --- ESI-AFRICA.COM --- 18 April 2011 - The national power utility Eskom Holdings has confirmed that it will be reducing its rebates on solar water heaters at the end of April.

“A year ago, the rebate was doubled to stimulate demand for solar geysers, but we said at the time that we would reduce them back to the regulatory benchmark, which is what we have now done,” the power utility told Sapa here. It said that in the past year, about 60,000 solar geysers had been installed, saving about 16MW of power.

“From April 29, the average rebate value currently offered per system category will become the maximum rebate value,” Eskom continued. “Current rebate values lower than the new maximum value will remain at their current level. This applies to both low pressure and high pressure solar water heaters,” the utility added.

Eskom last year effectively doubled its subsidy rate for solar water heaters from about an average of R3,000 a system, to R6,000.

Eskom said the reduction in rebates would not have much of an impact. “Locally produced, reasonably-priced systems should hardly be affected by the change in the rebate.”

Consultancy Frost & Sullivan said the move could seem “counter-intuitive”, as rebates were introduced to help grow the solar water heater market to one million units installed by 2014.

“Forecasts reveal that even the best-case scenario for the solar water heater market through the Eskom rebate programme mechanism would result in the installation of slightly more than half a million units by 2014,” Frost and Sullivan energy and power research analyst Dominic Goncalves said in a statement.

Eskom had said the rebate programme had served its purpose in stimulating the market, and now it needed to use a different tactic. Goncalves recommended that it would be better to make solar water heaters compulsory in new buildings.

“International research has shown that the best method for driving sustainable growth of the solar water heater market is to make solar water heaters mandatory in new building code regulations.”

Initial approval granted for US805 million loan to Eskom

[img:Loan%20-%20des_0.jpg|Construction
underway at Kusile
]Washington DC, United States --- ESI-AFRICA.COM --- 15 April 2011 - The U.S. Export-Import Bank has given initial approval for a US$805 million loan to assist in the development of a high-tech giant coal plant in South Africa ‒ a project criticised by environmentalists for the pollution it would emit

The bank granted the approval to South African power utility Eskom to help build the 4,800MW Kusile power plant, which is already under construction in South Africa's Mpumulanga province.

Eskom will continue to receive Optimum coal

[img:Hen_0.jpg|Hendrina power station
‒ will again receive
coal from Optimum
]Johannesburg, South Africa --- ESI-AFRICA.COM --- 15 April 2011 - South African miner Optimum Coal has resolved its contract dispute with Eskom Holdings, and says it will be continuing to supply coal to the national power utility.

Optimum Coal reached an agreement in 2008 to supply state-owned Eskom's Hendrina power station with 5.5Mtpa of coal.

NUM threatens Eskom strike

[img:NUM_0.jpg|The NUM ‒ threatening
a strike at Eskom
]Johannesburg, South Africa --- ESI-AFRICA.COM --- 14 April 2011 - South Africa's National Union of Mineworkers (NUM) says it has given state utility Eskom Holdings the option between signing a minimum service level agreement (MSA) or facing a possible strike.

The union said in a statement issued here that the MSA “would allow a certain number of Eskom workers to go on strike should there be any labour disagreement.”

Eskom to cut rebate for solar water heaters

[img:Rebate%20-%20Pic%201_0.jpg|Solar heater installed
on a house roof
]Cape Town, South Africa --- ESI-AFRICA.COM --- 14 April 2011 - South African power utility Eskom Holdings plans to reduce the rebate for solar water-heaters before the end of April, according to a letter sent to suppliers.

Fin24 reports that the letter ‒ sent to solar hot-water cylinder suppliers participating in Eskom’s subsidy programme ‒ confirms that Eskom apparently plans to reduce the rebate from 29 April.

Eskom sells R300 million of 2023 bond

[img:eskom.thumbnail.jpg| ]Johannesburg, South Africa --- ESI-AFRICA.COM --- 13 April 2011 - South African power utility Eskom Holdings has announced that it has sold R300 million of its 2023 bond at a clearing yield of 9.24%
 
In a statement issued here today, Eskom revealed that it had received five bids worth R310 million for the securities.

Eskom cannot guarantee outage-free winter

[img:Winter%20-%20Pic%201_0.jpg|Eskom power ‒ winter
may mean outages
]Johannesburg, South Africa --- ESI-AFRICA.COM --- 12 April 2011 - South African power utility Eskom can give no guarantees that there will be no electricity outages during the winter months, as energy usage nears that of pre-recession levels experienced in 2007.

Reporting this, The Times quoted Eskom spokeswoman Hilary Joffee as saying: “We have resolved to avoid outages, but that resolve will be tested.”

Latest Feature