Energymx

11/03/2020

05/03/2020

Minerals Council offers crumb of good news on Eskom saying De Ruyter has grip on energy crisis By David McKay - 26th Feb 2020 WhatsApp Linkedin Facebook Twitter Email Print Roger Baxter, CEO, Minerals Council SA GOOD news about South Africa’s stricken power company, Eskom, is hard to come by, but ...

05/03/2020

Who will build South Africa’s new coal now the corporate balance sheet is evaporating? By David McKay - 25th Feb 2020 WhatsApp Linkedin Facebook Twitter Email Print WHO will finance South Africa’s long-term coal mining sector, assuming the fuel is even needed 15 to 20 years from now? That’s th...

25/02/2020

Solar power becoming the “no brainer” option for miners as capital costs improve By Charlotte Mathews - 4th Feb 2020 WhatsApp Linkedin Facebook Twitter Email Print “IF you as the CEO of a mining company where solar energy is available are not taking advantage of it, you should probably fire yo...

25/02/2020

Oil traders pouring millions into new renewable energy projects as business model shrinks By Staff Writer - 12th Feb 2020 WhatsApp Linkedin Facebook Twitter Email Print Cow manure anyone? TRADERS who have built fortunes trading oil are now pouring hundreds of millions of dollars into climate-friendl...

25/02/2020

SA industry being “drip-fed” bad Eskom news with more to come, says Gold Fields boss By David McKay - 17th Feb 2020 WhatsApp Linkedin Facebook Twitter Email Print Nick Holland, CEO, Gold Fields THERE was more bad news to come from Eskom in terms of the reliability of its electricity supply, said...

25/02/2020

SA mining sector takes Mantashe’s alternative view on new energy plans at face value By David McKay - 24th Feb 2020 WhatsApp Linkedin Facebook Twitter Email Print Deshnee Naidoo, CEO, Vedanta Zinc International THE South African mining industry has no option but make supportive noises regarding mi...

17/02/2020

GWEDE Mantashe, South African mines and energy minister, said the country would not be rushed into procuring renewable energy

 

"It is not about bid window 5. It is about a comprehensive programme to ensure there is energy security in the country. So I’m not a fundamentalist about bid window 5. We will implement it; we always said so, but what we are not going to do is to be pushed to stumble into it. We must be systematic and ensure it is sustainable," Mantashe said.

The minister published the long-awaited Integrated Resource Plan (IRP), SA’s long-term energy planning tool, in October after a policy impasse in government for several years.

He would now proceed with implementing by making a ministerial determination. The IRP provides a guide of how much of each energy source must be procured annually.

"We are busy with section 34 determination. Then we open bid window 5. The IRP gives renewables an allocation per annum that is an obligation on us," he said.

Business has urged the government for the past 12 months to undertake a fresh round of renewable energy bids from private producers to help alleviate the energy gap. The government estimates an energy capacity shortfall of between 2,000MW and 3,000MW until 2022.

Enabling entities such as mines, farms and businesses to generate their own energy is regarded as the quickest way to add capacity as several applications to do so are already in the pipeline. A point of contention between business and the government has been whether small projects of 10MW or below should require a licence from the National Energy Regulator of SA (Nersa), which is a time-consuming process.

Ramaphosa said in his address that the licensing requirement would remain and there would be no restriction on the size of self-generation or distributed generation projects.

Applications would be dealt with within the prescribed 120 days, he said.

Mantashe said all entities would need to first apply to the energy department, which would "take them through the Nersa process". They would need to pay for this as well as for the use of the government transmission network and even more so if they intended to sell electricity to others, he said.

17/02/2020

17/02/2020