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Ex-Eskom official convicted of fraud and corruption

Location: News

Ex-Eskom official convicted of fraud and corruption

Former Eskom Safety Risk Officer Thandi Ruth Magagula has been convicted of fraud and corruption in relation to the fraudulent awarding of contracts at the power utility.

According to the National Prosecuting Authority, Magagula pleaded guilty to seven counts of corruption and two of fraud.

She was subsequently convicted in the Middelburg Specialised Commercial Crimes Court under Section 17(1) of the Prevention and Combating of Corrupt Activities Act 12 of 2004.

“The offences stem from contracts valued at over R58 000 awarded to a company named Mantoza Engineering Projects CC during the period between April 2015, while Eskom employed Magagula and simultaneously served as a director of Mantoza Engineering Projects. 

“Magagula failed to disclose her financial interest in the company to Eskom's management and continued to conduct business with the public entity while holding a directorship position,” the NPA said in a statement on Monday.

The matter has been postponed to 24 October for sentencing. 

“This behaviour violated laws governing public officials and Eskom's conflict of interest policies During plea proceedings, Magagula was convicted in line with her admissions of guilt confirming her role in the corrupt activities.

“The NPA views this conviction as a significant step in the fight against corruption, particularly within critical public entities like Eskom. The NPA remains committed to holding individuals accountable for corrupt practices, reinforcing public service integrity,” the prosecutorial body concluded.

Last week Cabinet welcomed the arrest of six engineering firm directors accused of Black Economic Empowerment fronting and tender fraud of R400 million at Eskom and Sasol.

READ | Cabinet welcomes crime fighting efforts 

– SAnews.gov.za

 

NeoB
Mon, 10/14/2024 - 13:05

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Read moreEx-Eskom official convicted of fraud and corruption

Minister attributes Eskom performance to hard work

Location: News

Minister attributes Eskom performance to hard work

Minister of Energy and Electricity, Dr Kgosientsho Ramokgopa, has lauded the performance of Eskom and its fleet over the past two months, as not a "miraculous” act but a testament to science, leadership and the workforce of the State-owned company.

Ramokgopa was speaking during a media briefing on the implementation of the Energy Action Plan, held at the Lethabo Power Station in the Free State on Monday.

On Sunday, the power utility marked 200 consecutive days of not implementing load shedding.

READ | Eskom records 200 consecutive days of no load shedding

“There was an effort to ensure that at a station level, we get people with the right skills, credentials, people with the opposite experience to be able to help us to resolve that challenge. 

“[The team] identified about six stations that are responsible for about 70% of the losses. There’s a great deal of science that the board and the executive team applied in the resolution of this question. So, this is not an act of miracle (sic)…. It’s steeped in science and the team was able to fashion a cogent response,” he said.

He praised the leadership and ongoing efforts shown in all spheres to turn around the power utility.

“When we dissect these 200 consecutive days of no load shedding, there’s an appreciation that there are multiple elements – some not in your face – that contributed to this. [What] I want to put first and foremost is the issue around leadership.

“Someone had to be in the leadership of executing that. Leadership is key…[and] sacrosanct to the resolution of any problem. 

Eskom is an exceptional template and illustration of what can be achieved if we were to invest in leadership,” Ramokgopa said, adding that tackling the load shedding question also required finding the right people with the right skills.

“What the team did was to ensure that all the critical vacancies are filled. The team could do that on the back of an Eskom that is performing but also on the back of the fiscal support that was received from National Treasury. 

“Leadership stability and not just stability but appointing the right people with the right credentials and not only that, but ensure there’s alignment in relation to their credentials and where you assign to discharge their responsibilities,” he said.

Energy Availability Factor 

Although the Minister praised the Eskom team, he warned that there is more work to be done to completely eradicate load shedding.

“When we come to a period in our life here in South Africa, and I suspect it will be very soon, where we stop celebrating and counting the number of 'no load shedding' days, then that will represent a major victory for us. The fact that we are celebrating this, it means that we [are] still in an awkward place. We are not necessarily out of the woods yet, so we will not tell any lies or claim easy victories.

“This generation recovery has not necessarily reached its full potential. We are on the right path and all matrices are pointing to a positive performance. In fact, we are far exceeding where we expected to be at this time. We still have an ambition of achieving that 70% [Energy Availability Factor] by 2025 and the team is on course to do exactly that,” Ramokgopa said. – SAnews.gov.za

NeoB
Mon, 10/14/2024 - 10:42

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Read moreMinister attributes Eskom performance to hard work

Eskom records 200 consecutive days of no load shedding

Location: News

Eskom records 200 consecutive days of no load shedding

Eskom has recorded 200 days without implementing load shedding in South Africa, with the last day of load shedding being on 26 March this year.

The power utility on Sunday said the implementation of the Generation Operational Recovery Plan has yielded a reduction of [about] 8.6% in unplanned outages, and an improvement in the Energy Availability Factor by [about] 7.7%.

“The plan is projected to contribute to a potential 2% growth in the South African economy and improve Eskom’s financial performance for the financial year 2025,” Eskom said.

Eskom Group Chief Executive Dan Marokane called it a “significant moment”.

“We are in an incredibly exciting industry at a moment of tangible change. In preparation for a competitive electricity market, this is a significant milestone to ensure energy security and attracting investment to South Africa. 

“We are days away from a further milestone that demonstrates the stability of our fleet... We are on track to reach 206 days [on Saturday] without load shedding, a result we last delivered five years ago on 15 October 2019,” Marokane said.

The power utility’s Group Executive for Generation, Bheki Nxumalo, praised Eskom officials for the work they have put in to address load shedding. 

“The dedication of all Eskom employees has been crucial in driving these positive outcomes, and their contributions are clearly reflected in today’s results. 

“We wish to convey our thanks to all our employees for reaching this achievement and we recognise that this is the result of immense hard work and time spent away from friends and families to deliver a national imperative in a high pressure turnaround environment,” Nxumalo said.

Eskom Board Chairperson, Mteto Nyati, explained that when it came in, the board conducted an “independent investigation and consulted with power station management using a data-driven approach to create the Generation Recovery Plan”. 

“Today’s achievement is a testament to the dedication and hard work of our entire team in implementing this plan. It demonstrates that with the right leadership, strategic planning and unwavering commitment, we can overcome even the most daunting challenges. 

“Eskom’s journey towards a stable and reliable power supply is well on track, and we remain focused on sustaining this progress for the benefit of all South Africans.

“The Eskom Board is grateful for the support and collaborative efforts of all our key stakeholders, including government and the National Energy Crisis Committee (NECOM) members, who enabled us to reach this milestone today,” Nyati said. – SAnews.gov.za

NeoB
Sun, 10/13/2024 - 09:42

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Read moreEskom records 200 consecutive days of no load shedding

200 days of loadshedding suspension leads to predictions of 2% GDP growth for South Africa

Location: Business

Sunday, 13 October 2024: Eskom has today successfully delivered 200 consecutive days of uninterrupted power supply since 26 March 2024 as a result of the Generation Operational Recovery Plan. This plan has not only reduced unplanned outages by ~8.6% and improved the Energy Availability Factor (EAF) by ~7.7%, enhancing the reliability of our generation fleet,...

Read more200 days of loadshedding suspension leads to predictions of 2% GDP growth for South Africa

Happy 200 Days – As Loadshedding Suspension Remains in Force

Location: Business

Friday, 11 October 2024: The Generation Operational Recovery Plan continues to deliver on-going structural improvements and efficiencies to the coal fleet, successfully keeping loadshedding suspended for 198 consecutive days and providing uninterrupted power supply since 26 March 2024. Eskom will reach 200 days of loadshedding suspension on Sunday, 13 October 2024, a period that includes...

Read moreHappy 200 Days – As Loadshedding Suspension Remains in Force

Four arrested for bypassing electricity meter

Location: News

Four arrested for bypassing electricity meter

Eskom has welcomed the arrest of four contractor employees who were allegedly paid R10 000 by a resort owner to bypass an electricity meter.

According to the power utility, the four were arrested “for facilitating the unlawful consumption of electricity without payment” and face charges of electricity theft and meter tampering.

“These actions not only constitute a serious criminal offence but also place a financial strain on Eskom and in turn its ability to return to profit and remove itself from being dependent on the fiscus. We strongly condemn such illegal activities as they violate the law and undermine efforts to provide reliable and sustainable electricity,” Eskom said.

The power utility explained that the scheme was halted following a report from a member of the public.

“Eskom commends the member of the public who reported the incident, our internal security team for their thorough investigation, and the South African Police Service for their swift action in arresting the suspects. Such cooperative efforts are crucial in the fight against crime and corruption.

“Eskom reminds all customers that tampering with electricity meters is punishable by law, and anyone found guilty may face prosecution, fines, or imprisonment. Customers are urged to report any suspicious electricity-related activities, theft, illegal connections, meter bypasses, and other illegal operations on the network,” Eskom said. – SAnews.gov.za

 

NeoB
Tue, 10/08/2024 - 11:29

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Read moreFour arrested for bypassing electricity meter

Deputy President confident his working visit will attract international investors

Location: News

Deputy President confident his working visit will attract international investors

Deputy President Paul Mashatile says he is confident that his working visit to the United Kingdom and Ireland will improve trade and investment relations, which have been stagnant for years. 

The Deputy President spoke during an engagement with the South African Chamber of Commerce (SACC) in London on Thursday. The SACC is an umbrella organisation and conduit for trade, community and investment into and out of South Africa.

The country’s second-in-command is in the United Kingdom for the second leg of his working visit to improve trade and investment relations between the nations and to woo investors following his travels to Ireland. 

READ | SA, Ireland eye improved trade

His interactions were centred on various issues, including the Government of National Unity (GNU), energy, infrastructure, and the measures to foster a favourable environment for trade and investment.

The country’s second-in-command reiterated that the political environment in South Africa is stable for investment because of the newly established GNU, which has been operational for less than 100 days and is already yielding results.

“Our numerous meetings with potential investors have revealed a shift in their attitudes and perceptions towards South Africa, indicating an optimistic outlook. 

“Our alliance, based not on personal sentiments but on the aspiration to enhance South Africa and, consequently, the lives of our citizens, will undoubtedly sustain the GNU administration for five years.” 

However, he said they will measure the GNU’s success based on the number of employment and entrepreneurs they assist in establishing sustainable enterprises.

“Businesses hope to continue working with the government in the public-private partnership that has reduced load shedding, improved transport and logistics infrastructure, and strengthened national capacity to combat crime and corruption,” the Deputy President said. 

Shifting his focus to energy, he stated that investors have demonstrated that ending the load shedding that began in 2007 is the most positive news. 

“They confirmed that it allows them to conduct business without uncertainty. The elimination of power outages was largely due to a series of measures implemented by the State-owned power utility, Eskom and government over the past two years.”

He also told the SACC that government was addressing the obstacles in the freight logistics system that continue to impede competitiveness and undermine economic growth. 

“We are on a mission to create and sustain a bankable investment pipeline of priority, credible, quality and high-impact projects that span the country through Infrastructure South Africa, the primary driver of the National Infrastructure Plan 2050,” he explained. 

Mashatile believes that the SACC plays an essential role in engaging with businesses to promote bilateral trade and investment links between the United Kingdom and South Africa. 

“It is our responsibility as leaders in our respective regions to foster an atmosphere that encourages entrepreneurship, fosters innovation, and drives inclusive growth.”

In addition, he expressed his desire to increase South Africa’s exports of valuable goods and services to the United Kingdom. 

“It is excellent that the two countries already exchange food and beverages. It is critical that we collaborate to create strategies to accelerate international trade and investment.”

Mashatile announced that the State was simplifying regulatory procedures through the Red Tape Task Team, making it easier for businesses to operate and invest locally.

READ | Govt determined to deal with SA's mounting challenges - Mashatile

He concluded his address with South Africa’s stance on peace and stability in Africa and globally, stressing that the nation is anti-war and pro-peace. 

“We reaffirm our commitment to the inviolability of sovereignty and the importance of national security.

“More immediately, we support [silencing the guns]. We want to see peaceful and mutual coexistence between Russia, Ukraine, Israel, Sudan, and the rest of the globe, because war is terrible for business.” – SAnews.gov.za

Gabisile
Fri, 10/04/2024 - 10:16

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Read moreDeputy President confident his working visit will attract international investors

191 Days of No Loadshedding Continues

Location: Business

Friday, 04 October 2024: The Generation Operational Recovery Plan has successfully kept loadshedding suspended, achieving 191 consecutive days of uninterrupted power supply since 26 March 2024. Operational efficiency has met summer expectations, with unplanned outages averaging 11 181MW over the past week, compared to 14 743MW during the same period last year, marking an improvement...

Read more191 Days of No Loadshedding Continues

Bright Minds Earn Substantial Rewards at Eskom Expo International Science Fair

Location: Business

Friday, 27 September 2024: The 2024 Eskom Expo International Science Fair (ISF) reached an exhilarating conclusion, with our learners being awarded substantial cash prizes for their meticulously researched and methodologically sound projects. Held at the Emperors Palace Convention Centre in Kempton Park, the fair brought together the brightest young scientists from across South Africa and...

Read moreBright Minds Earn Substantial Rewards at Eskom Expo International Science Fair

Loadshedding suspension remains in force

Location: Business

Friday, 27 September 2024: The Generation Operational Recovery Plan continues to ensure loadshedding remains suspended. Eskom has achieved more than six months (184 consecutive days) of uninterrupted power supply since 26 March 2024. Operational efficiency has remained in line with summer expectations, with unplanned outages averaging 11 911MW over the past seven days, compared to...

Read moreLoadshedding suspension remains in force

Eskom Expo ISF honours top young scientists with exciting prizes and bursaries – Eskom

Location: Business

Thursday, 26 September 2024: An array of exciting prizes from full bursaries to cash prizes, laptops and tablet computers were awarded to top performing innovators at this year’s Eskom Expo International Science Fair. The fair is being held at the Convention Centre at Emperors Palace in Kempton Park from 23 to 27 September 2024, and...

Read moreEskom Expo ISF honours top young scientists with exciting prizes and bursaries – Eskom

Eskom Using Recycled Coal Ash as an Alternative to Concrete

Location: Business

Thursday, 26 September 2024: In a first for South Africa, Eskom is leading the way in sustainable practices by incorporating recycled legacy coal ash into road construction at its Kusile Power Station in Mpumalanga. This innovative initiative, launched by Eskom Rotek Industries (ERI), aims to enhance operational efficiency while reinforcing Eskom’s commitment to sustainability. Eskom...

Read moreEskom Using Recycled Coal Ash as an Alternative to Concrete

Robotics, Coding, and Science Shows Light up the 44th Eskom Expo International Science Fair

Location: Business

Wednesday, 25 September 2024: Excitement filled the air as the 44th Eskom Expo International Science Fair (ISF) opened its doors, welcoming young scientists with an electrifying line-up of activities, including robotics and coding workshops, and riveting science shows. The opening of the ISF saw 308 South African young scientists, along with 18 international peers representing...

Read moreRobotics, Coding, and Science Shows Light up the 44th Eskom Expo International Science Fair

Nersa publishes Eskom’s revenue application for the next three financial years

Location: News

Nersa publishes Eskom’s revenue application for the next three financial years

The National Energy Regulator of South Africa (Nersa) on Monday published Eskom’s multi-year price determination (MYPD) revenue application up until 2028. 

According to Eskom, the application covers the power utility’s financial period beginning on 1 April 2025 to 31 March 2028. 

Eskom explained that it follows the MYPD methodology as prescribed by the regulatory authority.

“This methodology is now in its sixth application; hence the process is referred to as MYPD 6,” the statement read. 

Nersa will decide on the revenue Eskom can receive following its analysis and the regulator conducting a series of public consultations. 

Eskom believes that this application allows for an improvement in the financial sustainability of Eskom through the migration to cost-reflective prices and the successful operation of Generation, Transmission and Distribution in Eskom. 

“Further migration towards cost reflectivity to cover the full cost of capital would be considered in subsequent applications. This would minimise the impact on the taxpayers.”

In accordance with its revenue decision, Eskom said Nersa will then make tariff decisions for implementation from 1 April 2025. 

As per Eskom, it can only implement tariff decisions made by Nersa.

“We are entering the next phase of the regulatory process where Nersa will conduct an extensive public consultation about Eskom’s revenue application and we urge as many stakeholders as possible to become involved so Nersa can determine a key component in the funding of a constant electricity supply that drives economic growth and our quality of life for years to come,” said Chief Financial Officer of Eskom, Calib Cassim. 

Cassim stated that as Nersa makes its decision, it will consider affordability for identified vulnerable sectors including indigent customers and certain industrial sectors. 

“Eskom has made its revenue application based on the costs it will incur to efficiently provide electricity to the customer and it is a critical component in ensuring Eskom continues to provide reliable electricity services while improving its financial sustainability, through a migration to cost-reflective prices,” he added. 

The utility said it was applying for total revenues of R446 billion for the 2026 financial year, R495 billion for 2027 and R537 billion for 2028.

This translates to the proposed average price increases for Eskom direct customers are 36.15% (1 April 2025 to 31 March 2026), 11.81% (1 April 2026 to 31 March 2027) and 9.10% (1 April 2027 to 31 March 2028).

In addition to the MYPD 6 application, Eskom submitted a retail tariff plan (RTP) to Nersa outlining proposed structural changes, which are expected to be implemented from 1 April 2025 once all Nersa approval and governance processes are concluded.

“The RTP aims to introduce cost-representative pricing that supports the long-term sustainability of all participants in the electricity supply industry.” 

Nersa will consult with stakeholders on Eskom’s revenue application, as part of its decision-making process. 

Eskom is required to submit to the regulator the revenue it requires for Nersa to make its determination. – SAnews.gov.za
 

Gabisile
Wed, 09/25/2024 - 11:57

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Read moreNersa publishes Eskom’s revenue application for the next three financial years

SA Department of Communications and Digital Technologies Partners With Africa Tech Festival 2024, Hosts Exclusive Ministerial Summit

Location: News

Africa Tech Festival
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Informa Tech, organisers of the 27th annual Africa Tech Festival (www.AfricaTechFestival.com)  2024, are pleased to announce that the South African Department of Communications and Digital Technologies (DCDT) will be an official partner of this year's event, taking place from 12 to 14 November in Cape Town. 

Incorporating AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town, Africa Tech Festival 2024 will welcome 15,000 visitors, over 400 speakers, and more than 300 exhibitors. Topics include enterprise tech innovation and disruption across key sectors such as artificial intelligence, cybersecurity, cloud and data centres, and green ICT.  

“Africa Tech Festival is the largest and most influential telecoms and technology event in Africa, with an audience that spans the entire ICT ecosystem, including trade and other ministries. The partnership with the DCDT is a clear indication of the South African government's commitment to engaging with these key stakeholders from across the continent, opening dialogue, sharing insights, and working together to advance Africa's digital transformation journey,” said Informa's James Williams, Event Director of Africa Tech Festival.   

One of the highlights of the partnership is the AfricaCom 2024 Ministerial Summit, a closed-door VIP event bringing together close to a dozen African and international ministers from across critical sectors such as ICT, innovation, trade, finance, education, and enterprise. The Ministerial Summit will provide government leaders with a platform that facilitates discussion, collaboration, and sharing of learnings on how progressive policy is nurturing tech ecosystems, building efficient workforces, unlocking technological innovation across public and enterprise sectors, and driving Africa's socioeconomic development.  

Another initiative that forms part of the partnership is an exclusive government pavilion at which a small group of top South African businesses, SMEs, and startups will be hosted, again reflecting top-tier support for businesses that are contributing to the country's technology-driven agenda.  

“The importance of collaborative efforts and partnerships in realising our goal of a connected and digitally transformed society cannot be overemphasised. The Africa Tech Festival presents such platform for different innovative minds to come together to explore and exchange tech solutions for Africa and the rest of the world. This global platform will not only afford us an opportunity to learn best practices but also afford our SMEs to market their innovative solutions to the more than 15 000 visitors from across the globe. We are committed to ensuring that Africa does not become a mere consumer of digital solutions developed elsewhere but a meaningful participant in the digital economy by being a supplier of solutions and infrastructure that are tried and tested in our shores. We are looking forward to welcoming the world to our shores.” said Ms Nonkqubela Jordan-Dyani, Director-General of the Department of Communications and Digital Technologies. 

The introduction of the Ministerial Summit, along with the official endorsement of the event by the DCDT, add significantly to the depth of Africa Tech Festival. In addition to showcasing the immensely innovative nature of the industry, the event is also a targeted networking platform for tech leaders, role-players, and investors to make a positive contribution to Africa's successful navigation of a tech-driven future. 

Confirmed Africa Tech Festival 2024 speakers include: 

  • Faith Burn, Chief Information Officer, Eskom Holdings SOC  
  • Funke Opeke, CEO, MainOne  
  • Kerissa Varma, CISO, Vodacom Group  
  • Leo Skarlatos, CEO, AT (formerly Airtel Tigo)  
  • Mary Mahuma, CIO, Southern Africa, Philip Morris  
  • Motunrayo Opayinka, Founder and CEO, Womenovate  
  • Nollie Maoto, Chief Data and Analytics Officer – Merchant Services, FNB South Africa  
  • Norbert Prihoda, Deputy CEO, Tunisie Telecom 
  • Prasanna Kumar Burri, Group Chief Information Officer, Dangote Group  
  • Samwel Magesa, Chief Data Officer, NBC Bank  
  • Simbah Mutasa, Managing Director, Bank of America  
  • Sithembile Songo, CISO, Eskom Holdings SOC  
  • Hon. Solly Malatsi, Minister, Ministry of Communications and Digital Technologies, The Republic of South Africa 
  • Hon. Rose Pola Pricemou, Minister, Ministry of Posts, Telecommunications and Digital Economy, Republic of Guinea 
  • Sitoyo Lopokoiyit, CEO, M-Pesa 
  • Brelotte Ba, Deputy CEO of Orange Middle East and Africa, Orange 
  • Hazem Metwally, CEO, e& Egypt (etisalat) 
  • Christian Bombrun, Group CEO: Digital Platforms, MTN Group 
  • Faith Burn, Chief Information Officer, Eskom Holdings SOC 
  • Funke Opeke, CEO, MainOne  
  • Thomas Dohmke, CEO, GitHub 
  • Alex Okosi, Managing Director, Africa, Google 
  • Hardy Pemhiwa, President & Group CEO, Cassava Technologies 
  • Morgane Imbert, CEO (South Africa), Jumia 

Register now to secure your spot and join us in shaping the future of technology in Africa: https://AfricaTechFestival.com/ 

Distributed by APO Group on behalf of Africa Tech Festival.

About Africa Tech Festival:  
Africa Tech Festival, including anchor events AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town is part of the Informa Tech Connecting Africa event series.  

A vibrant celebration of Africa's diverse community of tech champions, Africa Tech Festival is the largest tech and digital connectivity conference and exhibition in Africa, attracting hundreds of exhibitors, more than 400 speakers and more than 15,000 delegates.  

Read moreSA Department of Communications and Digital Technologies Partners With Africa Tech Festival 2024, Hosts Exclusive Ministerial Summit

NERSA Publishes Eskom’s Revenue Application for the Financial Years 2026 to 2028

Location: Business

Tuesday, 24 September 2024: The National Energy Regulator of South Africa (NERSA) published Eskom’s Multi-Year Price Determination (MYPD) 6 revenue application for the period of Eskom’s Financial Years (FY) 2026 to 2028 (1 April 2025 to 31 March 2028) on 23 September 2024. NERSA will consult with stakeholders on Eskom’s revenue application, as part of...

Read moreNERSA Publishes Eskom’s Revenue Application for the Financial Years 2026 to 2028

SIU welcomes extradition of Michael Lomas

Location: News

SIU welcomes extradition of Michael Lomas

The Special Investigating Unit (SIU) has welcomed the extradition of entrepreneur Michael Lomas concerning Eskom's R745 million Kusile power plant allegations of fraud, unauthorised rewards, corruption and money laundering. 

Lomas was arrested in April 2021. He is one of five accused of the alleged crimes. 

READ | Former PRASA engineering head's sentence a blow against corruption

His co-accused are former Eskom Group Executive for Group Capital Division, Abram Masango; former Eskom Senior Manager for Group Capital Division, France Hlakudi; the owner of Tubular Construction Project Antonio José Trindade, and the owner of Babinatlou Business Services Hudson Kgomoeswana. 

The arrests follow an intensive investigation by the SIU at Eskom, which uncovered evidence of criminal actions involving five accused individuals. This evidence, gathered under the SIU Act, was referred to the National Prosecuting Authority (NPA) and the Directorate for Priority Crimes Investigation (Hawks) for further action. 

“The investigation, initiated in 2018 under Proclamation R11, focuses on Eskom's procurement and contracting processes and related payments. 

“The SIU applauds the diligent work of the NPA’s Investigating Directorate, Hawks and international partners, whose collaboration has led to this critical milestone.

“The SIU will continue to support the prosecutorial process and ensure that all individuals implicated in corruption are brought to justice in accordance with the law.

“This extradition is part of implementing the National Anti-Corruption Strategy, which sees law enforcement agencies coming together to eradicate corruption in South Africa and ensure the continued cleaning up of State-owned Entities, like Eskom, from corruption,” said the SIU. – SAnews.gov.za

Gabisile
Sun, 09/22/2024 - 16:21

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Read moreSIU welcomes extradition of Michael Lomas

Loadshedding Suspension Remains for 177 Days, Due to Ongoing Structural Improvements in the Generation Fleet Achieving Efficiencies of R11.92 Billion in Year-On-Year Reduction on Diesel Expenditure

Location: Business

Friday, 20 September 2024: The Generation Operational Recovery Plan continues to ensure a consistent energy supply and improved efficiencies, with loadshedding remaining suspended. Eskom has achieved 177 consecutive days of uninterrupted power supply since 26 March 2024. Operational efficiency has surpassed summer expectations, with unplanned outages averaging 12 800MW over the past seven days, compared...

Read moreLoadshedding Suspension Remains for 177 Days, Due to Ongoing Structural Improvements in the Generation Fleet Achieving Efficiencies of R11.92 Billion in Year-On-Year Reduction on Diesel Expenditure

Eskom, Sasol sign gas MoU

Location: News

Eskom, Sasol sign gas MoU

Eskom and energy and chemical company, Sasol, have signed a Memorandum of Understanding (MoU) to “collaboratively explore and research potential future liquified natural gas (LNG) requirements”.

This is according to a joint statement released by the two companies, following the signing ceremony of the MoU on Friday.

“The collaboration aims to determine the potential volumes that South Africa requires to establish a viable LNG import market, along with the enabling infrastructure, and will be facilitated by government-to-government relations where necessary. 

“This initiative focuses on using gas for power generation to provide essential base load electricity and position gas as a key enabler of re-industrialisation, while also ensuring continued supply to the market by unlocking global LNG resources. 

“Furthermore, the collaboration will contribute to enhancing South Africa’s energy mix and enable the country’s energy transition and decarbonisation,” the joint statement read.

The MoU is expected to “explore sourcing gas within South Africa, the Southern African Development Community region, and other parts of the African continent, in addition to evaluating long-term LNG contracting”.

“This will support the gas requirements for Eskom’s planned coal power station repowering and conversion to gas in the long term. The parties will also engage other state entities to enable an LNG value chain in South Africa.

“As part of its revised gas strategy, Sasol is working on enabling the future supply of LNG to South Africa by collaborating with companies such as Eskom, existing and future customers, suppliers, and infrastructure developers.

“The research findings from the first phase of the Sasol-Eskom collaboration will guide the necessary role players and investors required to offer the best prospects for South Africa’s energy market, while outlining the challenges associated with the long-term commitments required for LNG imports,” the statement said.

Speaking at the signing ceremony, Minister of Energy and Electricity, Dr Kgosientsho Ramokgopa, explained the importance of the collaboration between two of South Africa’s biggest energy related companies.

“We have made it clear that we are serious about LNG solutions for the country, and that our demand for gas across both industrial and energy frontiers will unlock these solutions.

“This collaboration between our two energy champions – one public, one private – will provide a data-driven and commercially sound basis for gas-fed industrialisation and for us to explore the well-worn path to lower carbon energy that the global north has already taken by scaling gas to power. 

“Gas has emerged as the second-largest contributor to global electricity production, experiencing rapid growth as many countries shift from coal to gas in their energy mix to enable positive implications for climate change, as gas typically emits less CO2 per unit of energy,” Ramokgopa said.

Eskom Group Chief Executive, Dan Marokane, said the two companies can collaborate to work on the transition to lower carbon methods.

“We have a great deal of experience as the two largest users of coal in South Africa and we felt by working together we could accelerate the climate change transition in a responsible way which sets the country up for the best economic, environmental and social outcomes and addresses the imminent gas supply shortfall. 

“Eskom is focused on a balanced and diversified energy mix based on existing coal and nuclear and introducing gas for baseload power, as well as renewables, energy storage systems including batteries and pumped hydro, to achieve overall security of supply and to meet and exceed rapidly expanding energy demand,” Marokane said. – SAnews.gov.za

NeoB
Fri, 09/20/2024 - 14:15

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Read moreEskom, Sasol sign gas MoU