Eskom

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Over-budget, long-delayed coal plants put South Africa’s electric system on edge

Bloomberg: South Africa’s debt-laden power utility raced to stabilize the grid this week by resorting to the most intense supply cuts in four years. Eskom Holdings SOC Ltd. implemented blackouts for a third day on Tuesday, removing 3,000 megawatts from the system after so-called stage 4 rotational power cuts, or 4,000 megawatts, on Monday as […]

February 14, 2019 Read More →

IEEFA update: South African coal exports face long-term decline

Weaker 2018 exports are a sign of things to come

SYDNEY–In 2018, coal exports out of Richards Bay Coal Terminal (RBCT), South Africa’s main coal export port, declined 4% to 73.5 million tonnes (Mt). According to RBCT CEO Alan Waller, the decline was not due to operational issues but a matter of weaker global demand. This decline occurred despite the main off-taker of South African […]

January 29, 2019 Read More →

Study: South Africa’s Eskom Overexposed to Coal

Business Day (South Africa): Eskom should curtail the construction of Kusile and retire several of its old coal-fired power stations early to save itself billions and shield consumers from excessive energy costs, a new study suggests. The study, by consultancy Meridian Economics, also says that if SA is to pursue a least-cost path for energy […]

November 16, 2017 Read More →

South Africa’s State Utility Company in ‘Self-Styled Extinction’

Biznews South Africa: In South Africa, where electricity prices have quadrupled since 2007 and an expensive coal-fired power build-out threatens to drive prices even higher, renewables appear ever more appealing. Unfortunately, for the last two years Eskom has been stonewalling on this front, refusing to sign new renewable energy power purchase agreements, while claiming that […]

October 10, 2017 Read More →