Posts tagged with 'Eskom'

 

World’s largest platinum mine group, Amplats production stalled and lots R1.6bn in revenue due to load shedding

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World's largest platinum mine group, Amplats production stalled and lots R1.6bn in revenue due to load shedding

Eskom’s load shedding in recent months had Anglo American Platinum (Amplats) in a position that it couldn’t produce. The mining group could not extract the 92,000 ounces of metal that would normally be delivered in the first quarter of the year. With platinum prices based on the average of recent months, this means that load..
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BREAKING NEWS:- Load shedding likely to return this week, “high risk” of blackouts forecast

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The spectre of load shedding is set to haunt South Africans again this week, as Eskom reveal that there’s a “high risk” of power cuts over the next few days. Pravin Gordhan, Jabu Mabuza and a team of Eskom executives vowed to keep the lights on throughout winter last week. Their guarantee made it five..
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Do you think that Pravin Gordhan has the Eskom case under control, well think again, report suggests that load shedding is about to get much worse in SA

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As Eskom’s old units go offline and the cost to replace generational capacity soars, the severity of load shedding may well increase over the next decade. If we think we’ve had it bad with load shedding this year, we should brace ourselves for the decade ahead. That’s the message coming from Bloomberg on Monday after..
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Ted Blom vs. Eskom vs. Pravin Gordhan:- Here’s how Eskom plan to get rid of load shedding this winter, or is all of this just a ‘little white lie’

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Is this mission impossible, or can the problems at Eskom be fixed during the winter? Here’s how the power giants plan to banish load shedding for good. Pravin Gordhan has sniffed an opportunity to get Eskom back on the right track. At a media briefing on Wednesday, he cut a different figure from the man..
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Problems at Eskom hit rock bottom – rocks are being sold to Eskom as coal by fraudulent suppliers, poor quality coals the cause of six turbines seizing at power stations

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Problems at Eskom hit rock bottom – rocks are being sold to Eskom as coal, poor quality coals the cause of six turbines seizing at power stations

Load shedding has been an unwelcome visitor to South African homes this year as Eskom continues to fail in its responsibility to keep South Africa’s lights on. A recent discussion on SABC about load shedding highlighted the extent of the problems being faced at the power supplier. These include the poor quality of coal used…
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The truth behind #RollingBlackouts: Are South African citizens kept hostage, to give the One Trillion Rand nuclear deal approval?

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The truth behind #RollingBlackouts?: South African citizens are kept hostage, to give the One Trillion Rand nuclear deal approval Eskom, a state-owned entity, and the designated procurer for South Africa’s new nuclear build programme has gone on a charm offensive and commissioned a study in 2017 already that has shown the multibillion-rand benefits of its Koeberg nuclear power station. Eskom also previously released the results of a KPMG study that looked at Koeberg’s socio-economic impact in the Western Cape and South Africa in the period between 2012 and 2025. It was found that although Koeberg, which is Africa’s only nuclear plant, has been producing power into the national electricity grid since the mid-1980s, nuclear still battles with social acceptability in certain quarters in South Africa and internationally. The ANC government’s plans to go ahead with the nuclear build programme has consistently run into opposition from environmental and affordability grounds, not to mention the cost thereof, nor the involvement from Russia, on such a deal. Economic impact assessment of Koeberg does not provide answers to all the questions either. But it adds context to the journey we are on and helps us to alter their philosophical views on nuclear power. It is meant to inform, also to be the watchdogs on mismanagement, may it be nuclear waste storage and or possible corruption. For me what is important is not proving whether nuclear is preferable to coal or renewables to gas. What is important is why are Zuma and some ANC cadres pushing for nuclear power and why are we experiencing intensified load shedding recently. Ironically, Eskom has recently been in the spotlight for its decision to decommission five of its power stations from 2020 because of, among others, lethargic economic growth and the addition of renewable energy from independent power producers. Previously (BRICS) and Zuma’s (ANC) nuclear ambitions were dealt a blow by a court ruling. A ruling that the government failed to comply with the constitution when it initiated a process to build new atomic power plants has dealt a major blow to ex-president Jacob Zuma’s nuclear ambitions. The Western Cape High Court previously ordered the government to hold public hearings and a parliamentary debate on the nuclear programme, which may cost as much as R1 trillion ($76bn). It set aside a 2015 decision to procure new nuclear capacity and nullified co-operation accords the government has concluded with countries including Russia, the US, and South Korea. Judge Lee Bozalek then ordered the state to pay all costs – to the expense of South African Taxpayers. Zuma (when he was president of South Africa) has championed the building of as many as eight reactors that would generate 9 600 megawatts of energy starting from 2023 – Some opposition parties indicated that is mired in corruption. Civil-rights groups including Earthlife Africa and the Southern African Faith Communities’ Environment Institute said the government ignored the due process in approving the plants and filed a lawsuit aimed at halting their construction. The ANC energy ministry’s own research showed additional nuclear power probably won’t be needed until 2037. The court ruling was a major blow for Zuma and his allies because they will now realize that large infrastructure deals cannot be made behind closed doors and are subject to transparent and public participatory processes. The new plants were a key point of dispute between Zuma and former finance minister Pravin Gordhan, who questioned whether the country could afford them. Zuma fired Gordhan shortly after, prompting S&P Global Ratings and Fitch Ratings to downgrade the country’s international credit rating to junk. Even if the government does appeal on this ruling, the High Court ruling is likely to delay the nuclear programme by months, if not years. Zuma stepped down as leader of the ruling African National Congress, therefore, the decision as to whether it goes ahead will be left to his successor, Ramaphosa. The court decision proved that the correct procedures were not followed and that it has been questionable from the start. Zuma was always very keen on the nuclear build programme and it is supposed to be his legacy project. The ruling certainly did not sit easily with him and the question arises, what will he benefit from this and will Ramaphosa get a cut from this deal, if it ever goes through? The government has not entered into any deal or signed any contract for the procurement of nuclear power, as yet, although there are intergovernmental agreements in place with the US, South Korea, China, Russia, South Africa, and France. South African citizens are kept, hostage, to give the One Trillion Rand deal approval: My thinking is that South Africans are played yet again by the ruling ANC party or by certain stakeholders (such as Zuma in particular), because of the current load shedding we experience. Another state capture perhaps? Are we as South African citizens played by Eskom (a state-owned entity) and their stakeholders (ANC cadres), through the current load shedding we experience, thus to support this motion to spend One Trillion Rand? SouthAfrica Today This report does not necessarily reflects the opinion of SA-news.

Eskom, a state-owned entity, and the designated procurer for South Africa’s new nuclear build programme has gone on a charm offensive and commissioned a study in 2017 already that has shown the multibillion-rand benefits of its Koeberg nuclear power station. Eskom also previously released the results of a KPMG study that looked at Koeberg’s socio-economic..
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Lies continue while South Africans remain in the dark – “We don’t have the time, we don’t have the money. The last option is load shedding

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Eskom chairperson Jabu Mabuza and public enterprises minister Pravin Gordhan has admitted that Eskom and the government cannot say when exactly load-shedding will end, but have called on South Africans to be patient with them. The country gets regular updates, excuses as to what is to blame, yesterday it was the Cyclone that hit Mozambique..
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What Eskom Failed To Tell South Africa….The situation, is worse than we think

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While everybody was in the dark, literally and figuratively, we now know more about why load shedding is worse than ever and might still get worse too. The chaotic and dramatic escalation that went from Stage 2 to 3 and then Stage 4 on Saturday, is the loss of imports of 1 100 megawatts (MW)..
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South Africa: The collapse of all State Owned Entities such as Eskom, SAA, SABC etc are all falling apart due to corruption, incompetent management as a result of BEE and government interference

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South Africa: The collapse of all State Owned Entities such as Eskom, SAA, SABC etc are all falling apart due to corruption, incompetent management as a result of BEE and government interference

SOE’s such as Eskom, SAA, SABC etc are all falling apart due to exploitation, unskilled management thanks to BEE and government interference. The sensible solution would have been privatization, but that is absolutely not within the Socialist, Communist framework of the ANC government. The following was reported on Social Media on 17 March 2019: SAA..
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#Rollingblackouts: Further power cuts for Eskom as new Gupta looting details emerge – ANC-regime to plow R23 billion, of taxpayers money, a year into Eskom in order for the utility meet repayments on its R420 billion debt burden

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Further power cuts for Eskom as new Gupta looting details emerge – ANC-regime to plow R23 billion a year into Eskom over the next three years to help the utility meet repayments on its R420 billion debt burden

New documents seen by the Sunday Times reveal how a Gupta-linked company purchased an auditing firm in order to loot from Eskom. The report stated that Trillian bought an auditing firm – Nkonki – which had existing contracts with the state owned company. “Trillian and its former owner, Salim Essa, allegedly used Mitesh Patel, a..
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Social media calls for Soweto power to be cut until bill paid, it’s about time that ESKOM do this

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South Africans went online to demand that Soweto’s lights be turned off until residents forked out the money they owe Eskom. Soweto is one of Eskom’s major payment defaulters – People also made jokes on social media, saying Eskom was afraid of the township. Many South Africans have taken to social media to demand that..
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The government seems to think a R23m injection of funds, and a team of experts will solve the ESKOM problems

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In a recent interview with ENCA, energy analyst Chris Yelland spoke to the inaccuracies of Eskom’s latest load shedding excuses. The latest Eskom’s latest excuse for the energy blackout points at cyclone Idai affecting power production, and the transmission of electricity from supplier Mozambique. This seems to be a valid excuse until Yelland points out..
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Unions in SA threatens total Eskom shutdown, get your candles, oil lamps ready and get those gas stove working

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The National Union of Mineworkers (NUM) says that its members will down tools as it continues to face an impasse with Eskom. In a statement on Tuesday (12 March), the union said that it was concerned about the potential unbundling of the power utility into three separate entities. “The shop stewards are very angry towards..
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It Wasn’t Me, Koko said he was the victim of the corruption at Eskom – Eskom official Gert Opperman “I was trying to do the right thing at Eskom, the environment under Koko didn’t allow for that”

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 Everyone had their hands in the cookie jar, but now nobody ate the biscuits………….. Speaking on Monday, March 3, former Eskom boss Matshela Koko says that he refuses to take any ethical responsibility for the state of the embattled utility. Koko believes that it is up to the state capture commission of inquiry, the police..
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Johannesburg hit by massive blackouts Friday and electricity providers were unable to explain why – perhaps due to incompetent BEE employees?

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Johannesburg hit by massive blackouts Friday and electricity providers were unable to explain why – perhaps due to incompetent BEE employers?

Suburbs across Johannesburg, South Africa’s economic hub, were hit by widespread power outages on Friday that electricity providers were unable to explain. “Technicians are on site to determine the cause of the outage,” Khulu Phasiwe, a spokesman for state-owned power utility Eskom Holdings SOC Ltd., said via Twitter. There’s no estimated time for the restoration..
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