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 Trusts (5% each). Since signing the transaction in November 2019, it has been subject to various conditions precedent that have required, amongst others, the approval of the Competition Tribunal, the…

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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 Kibo will hold 65 percent for an equity loan contribution of US$796,000 as project development funding for the initial project, while IGES will hold 35 percent for an equity contribution…

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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 by Eskom Uganda are aimed at upgrading the regulator in units 14 and 15 of the Kiira hydropower plant, located just outside the town of Jinja in the Eastern Region…

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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 Aar, a project that aims to reduce South Africa’s dependency on coal and other fossil fuels via wind turbines. For the past decade, South Africa has been during an energy…

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Mining company Exxaro Resources to offload thermal coal amid environmental concerns

SOUTH AFRICA – Coal and heavy minerals mining company Exxaro Resources, public utility Eskom’s biggest coal supplier, has become the latest company to offload thermal coal assets as pressure mounts for mining companies to reduce exposure to fossil fuels amid climate change concerns. The Johannesburg Stock Exchange (JSE) listed mining firm announced the sale of its Exxaro Coal Central (ECC) to black-owned and private mining operator Overlooked, without disclosing the value of the transaction. Exxaro said the sale was part of playing a meaningful role in helping black mining operators obtain…

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Eskom adds 800MW to the grid as Kusile Power Station comes online

SOUTH AFRICA – Electricity public utility Eskom has added up to 800MW of supply to the national grid after unit 3 at the Kusile power station was brought online. The activation of unit 3 means Kusile, whose construction is years behind schedule due to labour disputes and design problems, is now producing up to 2.4GW of electricity from three of its six units. “Bringing the 800MW unit to commercial status means construction activity has come to an end on half the eMalahleni, Mpumalanga project,” Eskom said in a statement. “The…

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ENGIE acquires 40% stake in 100MW Xina Solar One in South Africa

SOUTH AFRICA –  French multinational electric utility company ENGIE has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as 46% of the Operations & Maintenance Company. The plant is equipped with parabolic trough technology and a molten salt storage system that allows for 5.5 hours of energy storage to provide reliable electricity during peak demand. Power is contracted through a 20 years Power Purchase Agreement with state utility Eskom.  Xina Solar One is supplying clean…

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Power utility Eskom set to be unbundled into three divisions

SOUTH AFRICA – The government of South Africa has announced plans to unbundle utility Eskom into three divisions; generation; transmission and distribution  by December 2022. The separation of the transmission division is expected to be completed by December this year, while the separation of the generation and distribution divisions is expected to be completed by December 2022. The South African government allocated Eskom US$3.86 billion for 2020/2021, of which US$413.4 million of the equity allocations had been provided by 30 September 2020. The utility has been allocated a further US$2.18…

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The De Wildt solar power plant in South Africa goes live

SOUTH AFRICA – Recently commissioned De Wildt Photovoltaic Solar Park is located in Brits; Madibeng Municipality is now feeding into the South African national electricity grid via the Zolograph substation owned by Eskom. The solar park with a capacity of 50 MWp, is owned by a consortium consisting of Zolograph Investments (RF) (Pty), African Infrastructure Investment Managers (AIIM), African Rainbow Energy and Power, Reatile Group and Phakwe Solar. The South African state-owned company Eskom is responsible for the production of the solar power plant under a 20-year power purchase agreement…

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75MWp Waterloo solar power project goes live in South Africa

SOUTH AFRICA – The 75MWp Waterloo photovoltaic solar power plant in South Africa is now operational. The solar power facility was built by the South African subsidiary of juwi Renewable Energies on behalf of a consortium of African Infrastructure Investment Managers (AIIM, a member of Old Mutual Alternative Investments) through its IDEAS fund, Reatile Solar Power (RF) (Pty), Phakwe Solar (RF) (Pty), AREP (African Rainbow Energy and Power) and Cicada Community Trust. The local engineering, procurement, and construction (EPC) contractor has installed 261,360 solar panels on a 171-hectare site near…

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