Sunday, June 24, 2018

South Africa News

Rosatom Working on Preliminary Stages of South Africa Bid

Russian state nuclear agency Rosatom is participating in the preliminary information-gathering stage of a tender to build a nuclear power project in South Africa, TASS news agency reported on Tuesday. TASS previously cited Rosatom Chief Executive Alexei Likhachev as saying his company had submitted a bid for the project.

Chevron Confirms Sale of Its South African Assets to Sinopec

Chevron Global Energy confirmed on Wednesday that it had signed a sales and purchase agreement with a wholly-owned subsidiary of China's Sinopec for Chevron's assets in South Africa and Botswana. Chevron said in a statement the deal hinged on regulatory approval. Sinopec said earlier on Wednesday it has…

South Africa Mulls First Shale Gas Exploration Licences

South Africa's government may award its first shale gas exploration licences by the end of September, after environmental objections delayed the process, a senior government official said on Monday. The five licence applications under review are for exploration in the semi-arid Karoo basin. Environmentalists criticised plans to work in the sparsely populated region…

South Africa's Coal Clean-Up Involves Gas

Underground coal power plants cleaner, more efficient; after a decade, technology in final years of research. South Africa lacks power capacity, struggling with costs. South Africa produces almost all of its power from coal-fired plants that pollute the air with dark clouds of smoke and fail to generate enough electricity to avert blackouts.

South Africa Committed to Nuclear Power Expansion

South Africa is committed to an "open, transparent" process to build new nuclear power plants and the government planned to go through with its plans for nuclear expansion, President Jacob Zuma told parliament on Thursday. South Africa is planning to build 9,600 megawatts (MW) of nuclear capacity, a project that could be one of the world's biggest nuclear contracts in decades.

South Africa Wants to Resume Iran Oil Imports

South Africa wants to resume oil imports from Iran, once its biggest supplier, and hopes to resolve "sanction issues" that have blocked purchases within the next three months, its deputy foreign minister said on Tuesday. South Africa bought around 68,000 barrels of oil per day (bpd) from Iran in May 2012…

South Africa Energy Minister Gives Deadline for Signing IPP Contracts

South Africa's energy minister has given state-run power utility Eskom until the end of October to sign renewable energy agreements with independent power producers (IPPs), the energy department said on Friday. South Africa, which was hit by supply shortages in 2015 that led to rolling power cuts, is diversifying…

Port of Saldanha’s New LPG Terminal Launched

A new open-access liquefied petroleum gas (LPG) plant has been opened at the Port of Saldanha on the West Coast of South Africa and will aid in increasing LPG's use in the national energy mix. Transnet National Ports Authority (TNPA) awarded Sunrise Energy a 30-year concession – including planning and construction – in 2013 to build and operate the LPG terminal.

Glencore to buy Chevron South Africa stake, Chevron Botswana

Miner and commodities trader Glencore said it had agreed to buy a 75 percent stake in Chevron's South Africa unit and all of Chevron Botswana for $973 million. The assets include Chevron's interests in its manufacturing, retail and industrial supply business in South Africa and Botswana, Glencore said in a statement.

South Africa's Petrol Price to Decrease in August

The retail price of petrol in South Africa will decrease by 7.4 percent from August 3, while the price of wholesale diesel will go down by 6.3 percent, the energy department said on Friday. The price of petrol will fall by 99 cents to 12.35 rand per litre in the commercial hub of Gauteng province, while diesel will go down by 74 cents to 10.97 rand per litre…

South Africa to Scale Down Nuclear Expansion

South Africa does not intend to add 9.6 gigawatts of nuclear power as previously planned, energy minister David Mahlobo said on Thursday, but did not diclose how much Africa's most industrialised nation would aim to add to its nuclear fleet. Reporting by Alex Winning

New Board at Eskom Wins Cabinet Approval

South Africa's cabinet has approved a new board at Eskom, the public enterprises ministry said on Friday, adding that the minister expects the state power utility to take decisive action to address governance issues. Eskom has been at the heart of allegations of illegal contracts and undue influence in awarding tenders to the Gupta family, friends of President Jacob Zuma.

Eskom Executives Blocking Coal Contract Investigation - South Africa

Executives at Eskom have resisted several attempts to investigate coal contracts entered into by the state-owned power utility, South Africa's Treasury said on Monday. Eskom said in a statement over the weekend that the Treasury had not issued any conclusive findings against it on any of the utility's coal…

Sinopec: South Africa Gives Conditional Approval for Chevron Assets

South Africa will stick with China's Sinopec Corp as the preferred contender to buy Chevron's assets in South Africa and Botswana after it made a fresh commitment to future investments in the country, the Chinese oil major said on Thursday. State-owned Sinopec is competing for the assets with commodities trader and miner Glencore…

For Coal Miners, it's Time to Exit or Get Rich: Russell

File Image (CREDIT: AdobeStock / (c) Carolyn Franks)

It seems coal miners are adopting one of two disparate strategies, either exit the business in a highly visible way to buff up your climate credentials, or sit tight, keep as quiet as possible and rake in the cash. An example of the public exit from the business is South32 , the Perth-based miner spun out…

Norway's Scatec Solar Says Three Projects Caught in South Africa Row

© itestro / Adobe Stock

Three solar plants planned by Norway's Scatec Solar were among 27 energy deals blocked by a South African court on Tuesday when it agreed to hear a legal challenge by a group loyal to ousted President Jacob Zuma, the firm said on Thursday. State utility Eskom had been due to sign the 27 deals, mostly for wind and solar from independent power producers.

Kongsberg Maritime Opens South African Facility

From left to right: Alastair Pettie, Rune Haukom, Steve Nell, Shaun Ortell, Pierre Marais, Wojtek Kowalczyk  (Photo: Kongsberg Maritime)

Kongsberg said it has opened its first office and warehouse facility in the Republic of South Africa on Friday, November 4, 2016. Located in Cape Town’s airport zone, the new Kongsberg Maritime South Africa facility joins the company’s global network of first party sites, consisting 64 offices located in 20 countries, employing more than 4,000 people.

South Africa's proposed nuclear power plant unsafe

A Power Station of Eskom Photo Eskom

South African power provider Eskom has proposed building a nuclear power station on a site that may be at risk of surge storms and tsunamis, a geological report suggests, but the state-owned utility disputes the findings. South Africa has the continent's only nuclear power station and plans to expand nuclear…

Transnet Appoints Ngqura Liquid Bulk Terminal Operator

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The Port of Ngqura is poised to play a vital role in ensuring the security of South Africa’s fuel supply, while creating a new petroleum trading hub for Southern Africa in anticipation of the relocation of existing liquid bulk facilities from Port Elizabeth. This follows the conclusion of an agreement between…

South Africa's Petrol Price Set to Rise

The retail price of petrol in South Africa will rise by 4 percent from Jan. 4, while the price of wholesale diesel will increase by 3.5 percent, the energy department said on Thursday. The price of 93 octane petrol will be 50 cents higher at 13.09 rand per litre, with the 95 octane also up 48 cents to 13.33 rand per litre in the country's commercial hub of Gauteng province…