Engineering News 26 March 2013.
The Southern African Faith Communities’ Environment Institute (Safcei) on Tuesday said the development of a nuclear industry in South Africa would not provide a boost for society, the economy, job creation or the environment.
Safcei executive director Bishop Geoff Davies said nuclear development could end up costing several times more than renewable energy – which was currently declining in cost – while producing fewer jobs than other energy sources…
Business Report 3 December 2012.
Johannesburg – It is clear that Eskom wants to operate like a private company whose main objective is to make more profit, Cosatu said on Monday.
Eskom’s call for the price of electricity to speedily be made cost-reflective was informed by its desire to “completely eliminate government support”, as it said in its Multi-Year Price Determination 2 (MYPD2) application, Congress of SA Trade Unions (Cosatu) spokesman Patrick Craven said.
“It wants to improve its ‘standalone’ credit rating within the MYPD 3 period,” he said…
Engineering News 11 October 2012.
State owned power utility Eskom expects to submit its tariff application to the National Energy Regulator of South Africa (Nersa) within “the next two weeks”.
Addressing a state-of-the-system update on Friday, CEO Brian Dames said that the final touches were being put to the submission, which was initially meant to be handed over to Nersa on August 31.
Eskom was forced to revise its third multiyear price determination period (MYPD3) following a request from government, which wanted the application to reflect some of the new-build options covered by the Integrated Resources Plan, but not included in Eskom’s initial draft…
(Editor’s note: This statement is confusing: “It had been reported separately that Eskom would be seeking yearly increases of between 14.6% and 19% over the period” It should read “… increases of between 14.6% and 19% per year over the period”)
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Polity.org.za 4 October 2012.
Deloitte leader for sustainability Paul Ben-Israel says South Africa’s move from being a low cost electricity producer because of excess capacity built up in the 1970s, towards a more cost reflective tariff since 1998, means that electricity pricing has a bigger impact on costs and ultimately company profits…
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SAEE 25 July 2012.
Estimates from Bloomberg New Energy Finance show the most efficient wind projects in India run at a similar cost to new coal-fed plants. The best projects have a levelized cost of energy, which allows for comparison between different fuel sources, of 2.7 rupees (5 cents) to 4.4 rupees a kilowatt-hour, compared with coal’s 1.9 to 4.8 rupees, Ashish Sethia, an analyst at London-based BNEF, said in a July 3 note…
Engineering News 19 July 2012.
South Africa needs competition and private investment in electricity generation, transmission and distribution to ensure the continuity of affordable supply, Free Market Foundation executive director Leon Louw said on Thursday.
South Africa needed an independently owned and operated transmission grid, independent power producers (IPPs) and market trade in electricity.
He said at a media briefing in Johannesburg that the government’s New Growth Path would not be possible under the current electricity status quo. “We are losing a potential 3.3% to 3.5% gross domestic product as a result.”…
Engineering News 14 June 2012.
South African power utility Eskom reported a nearly 60% rise in full-year profit on Thursday owing to higher tariffs and said it would meet power demand during the winter, despite tight supplies.
State-owned Eskom, which supplies 95% of South Africa’s power, said profit in the year to end-March rose to R13.2-billion from R8.4-billion the previous year.
Cash-strapped Eskom has been struggling to raise the money it needs to build plants to avoid a repeat of a crisis that forced mines to shut for days in 2008 at a cost of billions of dollars, but the utility has since turned the corner.
“We have secured 78% of our R300-billion funding programme over the next five years and the rest will come through the roll-out of our bond programme,” finance director Paul O’Flaherty said…