AfDB to support private sector investment and renewable energy transition in South Africa

SOUTH AFRICA – The African Development Bank (AfDB) is committing US$2.8 billion over the next five years to support private sector investment in South Africa. The government of Africa’s most developed nation is seeking to foster a rebound from the global pandemic, which temporarily shuttered large swathes of the economy and helped push unemployment rates to record levels. The support…

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Eskom secures US$57m loan from AfDB to harness battery storage technology

SOUTH AFRICA – The African Development Bank (AfDB) approved US$57.67 million loan to Eskom, South Africa’s public electricity utility, to harness battery storage technology that will increase electricity generation from reliable and efficient renewable energy sources. The Bank’s financing, a concessional loan, will come from the Clean Technology Fund, a multi-donor trust fund under the Climate Investment Funds. The pioneering…

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Eskom join hands with coal giants Exxaro & Seriti to develop renewables

SOUTH AFRICA – State-owned electricity utility Eskom, has signed a Memorandum of Understanding (MOU) with two of its largest coal suppliers, Exxaro and Seriti Resources, to jointly develop renewable energy projects to lower carbon footprint at their operations. Exxaro and Seriti supply around 80% of Eskom’s coal requirements annually and by implementing renewable energy solutions at their Eskom-tied operations and…

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Eskom considers US$7.3b investment in wind and solar projects

SOUTH AFRICA – State utility Eskom, which supplies almost all of South Africa’s electricity from coal-fired power plants, is considering spending R106 billion (US$7.3 billion) investment on wind and solar energy by 2030. The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition to move away from…

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Medupi coal power station project finally complete after six years delay

SOUTH AFRICA – Eskom’s Medupi coal power station in Lephalale, Limpopo has finally reached commercial operation six years after the first unit began supplying power to the grid, the sixth and last generating unit at Eskom’s Medupi. It is the fourth-largest coal-fired plant and the largest dry-cooled power station in the world and has been beset by cost overruns and…

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Mining company Seriti to conclude acquisition of South32 coal assets

SOUTH AFRICA – Coal mining company  Seriti Resources, has released a statement indicating that all conditions of its acquisition of South32 SA Coal Holdings Proprietary Limited (SAEC) have been fulfilled and the sale is expected to be completed on 1 June 2021. The new shareholders of 100% of SAEC will be Seriti Resources (90%), and the SAEC Employee and Community…

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Kibo Energy signs deal to co-develop renewable energy projects in South Africa

SOUTH AFRICA – Kibo Energy, a multi-asset energy development company, has said it has entered into an agreement with Industrial Green Solutions (IGES) to jointly develop a portfolio of waste to energy projects in South Africa with an initial target of generating more than 50 megawatts of electricity for sale to industrial users. The deal entails the establishment of Newco, in which…

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Eskom Uganda to rehabilitate Kiira hydropower plant at a cost US$1.4m

UGANDA – Eskom Uganda, the subsidiary of South African energy utility Eskom, will invest US$1.4 million in the rehabilitation of the 200 MW Kiira hydropower plant. The project will be implemented by the Austrian company Andritz Hydro and the Austrian company will supply and install the new equipment, which will have a life cycle of 15 years.  The operations initiated…

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Mobility firm Planet42 becomes the first company in Africa to be certified carbon neutral

SOUTH AFRICA – South African-based Planet42 has become the first mobility company in Africa to be certified carbon neutral. The company achieved the certification under The CarbonNeutral Protocol, one of the world’s leading frameworks for carbon neutrality. To offset their emissions, Planet42 has chosen to support a wind farm in South Africa’s Northern Cape province near the town of De…

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