City of Cape Town to raise feed-in tariff for selling power back to the grid

The City of Cape Town will raise the feed-in tariff for households and businesses selling power back to its grid by 10.15%, Mayor Geordin Hill-Lewis has said. The mayor on Wednesday delivered Cape Town's budget speech before the council. The R69.9-billion budget targets spending in specific areas such as infrastructure, water and sanitation and energy.

BME expands its footprint with Indonesian JV

Mining and explosives solutions provider BME – a subsidiary of Omnia Holdings – has signed a conditional sale and purchase of shares agreement (CSPA) with Multi Nitrotama Kimia (MNK), an Indonesian provider of explosives and blasting services. The two companies will form a joint venture (JV), which will provide BME and MNK with enhanced opportunity [...]

Kenya Airways reports another loss-making year, last year, but on recovery course

Kenya Airways (KQ), the East African country’s national flag carrier, this week released its results for the full year of 2022. (The airline is currently a public private partnership, with the Government of Kenya as the biggest, but not majority, shareholder.)  It recorded net losses, after tax, of 38.265-billion Kenya shillings (Kes), which was a [...]

Icasa works to identify, mitigate loadshedding challenges for telecommunications, broadcasting …

The Independent Communications Authority of South Africa (Icasa) is actively in the process of identifying the constraints service providers are facing amid persistent loadshedding and identifying potential mitigation measures that lie within the scope of the authority, says Icasa acting chairperson Dr Charley Lewis. Speaking during a virtual public consultation on the impact of loadshedding [...]

Kenya weighs $2.4bn of dams to boost water availability

Kenya plans to seek investors to help build seven dams at a cost of $2.4-billion, according the National Treasury’s Public Private Partnerships Directorate. The government plans to sign water-purchase agreements with investors who will finance, design, build and commission the facilities, according to the directorate’s website. The mechanism will enable investors to sell and deliver [...]

Dealing with rail constraints remains a priority as Thungela achieves good results

Despite the impact of ongoing rail constraints, thermal coal producer and exporter Thungela Resources managed to deliver good results for the 2022 financial year, with earnings before interest, taxes, depreciation and amortisation having increased three-fold year-on-year to R29.5-billion and net profit 162% higher year-on-year at R18.2-billion. Revenue increased by 93% to R50.7-billion and the company [...]

Loadshedding won't be ended 'through an act of God', says electricity minister

Newly appointed Electricity Minister Kgosientsho Ramokgopa visited the Lethabo Power Station in the Free State last week. He said Lethabo had been the first power station he visited last week that was performing well. During his visit, Ramokgopa said he was optimistic that loadshedding would end, Africa News reported. "Loadshedding will not be ended through an [...]

China Energy proposes $1bn floating solar farm in Zimbabwe

China Energy Engineering Group proposed building a 1 000 MW floating solar farm for Zimbabwe, a nearly $1-billion project, on the world’s largest man-made lake. More than 1.8 million photovoltaic panels installed over 146 modular floating units would be used for the project on Lake Kariba if it went ahead, according to an official report [...]

NNR considering comments on Koeberg licence extension

The sixty-day period for public comment on Koeberg nuclear power station operating beyond its licenced timeframe in 2024 has lapsed on March 16. The National Nuclear Regulator (NNR) will now consider the written representations received from January 8 and announce in due course whether further public debate on the extension of the licence is necessary, [...]

DMRE says refinancing of 15 renewables plants has delivered tariff savings as it updates protocol

The Department of Mineral Resources and Energy (DMRE) reports that 15 renewables refinancing applications have been approved under an initiative launched in October 2019 that sought to reduce tariffs arising from private generators procured during the initial bidding rounds of the renewables procurement programme. The department claims that the refinancing concluded to date will result [...]

Competition Commission tables digital platforms inquiry terms of reference

The Competition Commission on Friday published a draft Terms of Reference (ToR) for a market inquiry into the distribution of media content on digital platforms in South Africa. The Media and Digital Platforms Market Inquiry (MDPMI), established in terms of section 43B(1)(a) of the Competition Act, will evaluate and determine the nature and extent to [...]

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