Eskom

Kamoa Copper Appoints Ben Munanga as Chairman of the Board Ahead of First Production at the Tier-One Kamoa-Kakula Copper Mine in The DRC

Thursday, April 8, 2021 - 12:00pm

Prior to joining IVEN, Mr. Munanga was the Head of Power, Infrastructure & Bulk Services with Eurasian Natural Resources Corporation (ENRC) since 2009.

Key Points: 
  • Prior to joining IVEN, Mr. Munanga was the Head of Power, Infrastructure & Bulk Services with Eurasian Natural Resources Corporation (ENRC) since 2009.
  • Before joining the mining industry in 2006, he held various senior positions in Eskom, South Africa for 11 years.
  • Mr. Munanga replaces Louis Watum as Chairman of Kamoa Copper's Board of Directors.
  • His knowledge of our businesses and proven ability to partner across the industry make him ideal to advance our efforts at Kamoa Copper."

South Africa Electricity Generation Market 2021: Coal, Gas and Renewables and Developments at Eskom and in the Independent Power Production Programme

Monday, March 8, 2021 - 3:30pm

DUBLIN, March 8, 2021 /PRNewswire/ -- The "Generation of Electricity in South Africa 2021" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 8, 2021 /PRNewswire/ -- The "Generation of Electricity in South Africa 2021" report has been added to ResearchAndMarkets.com's offering.
  • This report focuses on the generation of electricity and includes information on the size and state of the sector, including coal, gas and renewables and developments at Eskom and in the independent power production programme.
  • There are profiles of 13 companies including Eskom, the National Energy Regulator of South Africa, Dedisa Peaking Power, Hopefield Wind Farm Local Community Company and ACWA Power Solafrica Bokpoort.
  • Independent power production has provided opportunities for new players and SMEs in the form of advisory services, transport and provision of hardware.

South Africa Electricity Generation Market 2021: State of the Industry, Market Dynamics, Outlook, Market Size, Competition - ResearchAndMarkets.com

Thursday, March 4, 2021 - 2:30pm

The "Generation of Electricity in South Africa 2021" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Generation of Electricity in South Africa 2021" report has been added to ResearchAndMarkets.com's offering.
  • There are profiles of 13 companies including Eskom, the National Energy Regulator of South Africa, Dedisa Peaking Power, Hopefield Wind Farm Local Community Company and ACWA Power Solafrica Bokpoort.
  • State-owned utility Eskom, which dominates the generation of electricity in South Africa, continues to be plagued by financial instability, corruption, generating capacity shortages, and a debt burden which is threatening the country's economy.
  • Government's Integrated Resource Plan 2019 includes increased generation capacity from renewable sources, but South Africa remains reliant on coal for the foreseeable future.

Gold Fields Welcomes NERSA Approval Of South Deep Solar Plant

Thursday, February 25, 2021 - 4:24pm

JOHANNESBURG, Feb. 25, 2021 /PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) welcomes the electricity generation licence approved today by the National Energy Regulator of South Africa (NERSA) for the construction of a 40MW solar power plant at its South Deep mine.

Key Points: 
  • JOHANNESBURG, Feb. 25, 2021 /PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) welcomes the electricity generation licence approved today by the National Energy Regulator of South Africa (NERSA) for the construction of a 40MW solar power plant at its South Deep mine.
  • The solar plant has the potential to provide around 20% of South Deep's average electricity consumption.
  • Says Nick Holland, Gold Fields' CEO: "The solar power plant will increase the reliability and affordability of power supply to South Deep, ultimately enhancing the long-term sustainability of the mine.
  • Power from the South Deep solar plant will partially replace coal-fired electricity from Eskom, enabling us to significantly reduce our Scope 2 carbon emissions."

Manufacture of Electric Lamps and Lighting Equipment in South Africa 2020 - ResearchAndMarkets.com

Friday, May 15, 2020 - 9:46am

The "Manufacture of Electric Lamps and Lighting Equipment in South Africa 2020" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Manufacture of Electric Lamps and Lighting Equipment in South Africa 2020" report has been added to ResearchAndMarkets.com's offering.
  • Sales in the electric lamp and lighting equipment industry have been in decline mainly due to lack of economic growth and infrastructure spending and reduced demand from Eskom.
  • This report focuses on the manufacture of electric lamps and lighting equipment in South Africa, including information on the state of the industry and the factors that influence it.
  • Other profiles include major electrical equipment supplier Actom, Signify (previously Philips) and Beka Schrder, which exports across Africa.

South Africa Electricity Generation Market Report, 2020 - Featuring Eskom, Dedisa & Avon Peaking Power Plants, Hopefield Wind Farm, Coria, and More

Friday, February 14, 2020 - 1:15pm

DUBLIN, Feb. 14, 2020 /PRNewswire/ -- The "Generation of Electricity in South Africa 2020" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 14, 2020 /PRNewswire/ -- The "Generation of Electricity in South Africa 2020" report has been added to ResearchAndMarkets.com's offering.
  • This report focuses on the generation of electricity by Eskom and independent power producers.
  • There are profiles of 13 companies including Eskom, the Dedisa and Avon peaking power plants and solar energy companies such as the Hopefield Wind Farm and Coria, which trades as the Noblesfontein Wind Farm.
  • The 2019 plan calls for about 6,000MW of new solar capacity and 14,400MW of new wind power capacity by 2030.

Generation of Electricity in South Africa 2020 - Avon Peaking Power Ltd, Kelvin Power Ltd & Phelan Energy Group Ltd - ResearchAndMarkets.com

Friday, February 7, 2020 - 2:13pm

The "Generation of Electricity in South Africa 2020" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Generation of Electricity in South Africa 2020" report has been added to ResearchAndMarkets.com's offering.
  • State-owned power utility Eskom is in crisis due to generating capacity shortages, financial instability, corruption and mismanagement and R450bn debt.
  • In December 2019, load shedding reached stage 6, an indication that it has lost 40% of generating capacity.
  • The 2019 plan calls for about 6,000MW of new solar capacity and 14,400MW of new wind power capacity by 2030.

Moody’s Investment Grade Rating for South Africa is Borderline Malfeasance

Tuesday, December 10, 2019 - 2:19am

ABU DHABI, United Arab Emirates, Dec. 09, 2019 (GLOBE NEWSWIRE) -- CRO Advisors concludes that Moodys Investment Grade Rating for South Africa is Borderline Malfeasance.

Key Points: 
  • ABU DHABI, United Arab Emirates, Dec. 09, 2019 (GLOBE NEWSWIRE) -- CRO Advisors concludes that Moodys Investment Grade Rating for South Africa is Borderline Malfeasance.
  • Pursuant to CRO Advisors Independent CRO (ICRO) Public Report on South Africa and Eskom issued on 10.17.19, South Africa Sovereign Credit Rating equates to no better than a B1 highly speculative, non-investment grade rating by Moodys.
  • CRO Advisors has firmly concluded that Eskom must immediately undergo an independent detailed and comprehensiveForensic Auditon behalf of all Creditors, Vendors, Unions and Stakeholders.
  • The full public version of the CRO Advisors Eskom Restructuring Update issued on 12.5.19 may be found at:
    CRO Advisors works privately with Sovereign Governments, Institutional Investors and other stakeholders with exposure to the Global Energy & Infrastructure sector.

CRO Advisors Confirms Independent Eskom Debt Restructuring Report to be Issued by December 31, 2019

Friday, December 6, 2019 - 8:15am

ABU DHABI, United Arab Emirates, Dec. 06, 2019 (GLOBE NEWSWIRE) -- CRO Advisors Confirms Independent Eskom Debt Restructuring Report to be Issued by December 31, 2019.

Key Points: 
  • ABU DHABI, United Arab Emirates, Dec. 06, 2019 (GLOBE NEWSWIRE) -- CRO Advisors Confirms Independent Eskom Debt Restructuring Report to be Issued by December 31, 2019.
  • CRO Advisors does not represent the insolvent Eskom SOE or the Government of South Africa as that would create a conflict of interest.
  • Pursuant to CRO Advisors ICRO Public Report issued on 10.17.19, Eskom has devolved into an operationally dysfunctional, financially insolvent, unreliable and corrupt entity.
  • CRO Advisors Independent Eskom Restructuring Analysis Timeline includes:
    CRO Advisors Issues South Africa Country Review, IMF Warnings, and Eskom Insolvency Notices on 8.5.19
    CRO Advisors Issues Volume I: Eskom Independent CRO (ICRO) Restructuring Report on 10.17.19
    CRO Advisors to Issue Volume II: Integrated Resources Plan (IRP) Revisions and South Africa Electricity Market Design by 1.31.20
    The full public version of the CRO Advisors Eskom Restructuring Update issued on 12.5.19 may be found at:
    CRO Advisors works privately with Sovereign Governments, Institutional Investors and other stakeholders with exposure to the Global Energy & Infrastructure sector.

CRO Advisors to Issue Eskom Debt Restructuring Report by December 31, 2019

Thursday, December 5, 2019 - 6:26am

ABU DHABI, United Arab Emirates, Dec. 05, 2019 (GLOBE NEWSWIRE) -- CRO Advisors to Issue Eskom Debt Restructuring Report by December 31, 2019.

Key Points: 
  • ABU DHABI, United Arab Emirates, Dec. 05, 2019 (GLOBE NEWSWIRE) -- CRO Advisors to Issue Eskom Debt Restructuring Report by December 31, 2019.
  • CRO Advisors has concluded that Eskom has devolved into an operationally dysfunctional, financially insolvent, unreliable and corrupt entity.
  • Eskoms ~500BN on balance sheet debt, ~128BN off balance sheet debt, and 1,072BN in unavoidable cost over next 5 years, represents a staggering 76% of South Africas total current debt.
  • CRO Advisors Eskom Restructuring Analysis Timeline includes:
    CRO Advisors Issues South Africa Country Review, IMF Warnings, and Eskom Insolvency Notices on 8.5.19
    CRO Advisors Issues Volume I: Eskom Independent CRO (ICRO) Restructuring Report on 10.17.19
    CRO Advisors to Issue Volume II: Integrated Resources Plan (IRP) Revisions and South Africa Electricity Market Design by 1.31.20
    The full public version of the CRO Advisors Eskom Restructuring Update may be found at:
    CRO Advisors work with Sovereign Governments, Institutional Investors and other stakeholders with exposure to the Global Energy & Infrastructure sector.