Projects and Energy Weekly Snippets
22 January 2016
Eskom intent on sizeable role in renewable energy sector
Eskom envisages a bigger role for itself in the nascent renewable energy industry in SA, according to Ayanda Nakedi, senior GM at Eskom’s renewables energy unit.
Ms Nakedi said Eskom eagerly awaited a further renewables allocation from the Minister of Energy, which would effectively provide Eskom the go-ahead to broaden its footprint in the local renewable energy industry. The utility has been earnestly undertaking preparatory work in this space, in anticipation of the further allocation by the Department of Energy.
Business Day, 14 January 2016
Eskom could supply Zambia with 300 MW
State-owned Eskom has confirmed it has agreements in place with its Zimbabwean and Zambian counterparts Zesa and Zesco respectively to supply up to 300 MW of power during off-peak periods.
“While the power system is stable, we have been supplying both neighbouring countries under the standard agreements at peak and under the new bilateral agreement during off-peak hours and during peak when we have a surplus,” Eskom said in a statement.
Engineering News, 15 January 2016
Eskom to make its case for 16.6% tariff hike
Eskom’s bid to secure a tariff increase of 16.6% for 2016/17 begins on Monday with two weeks of public hearings by the National Energy Regulator of SA (NERSA), the first of which is in Cape Town.
As things stand, electricity tariffs will rise 8% this year. However, using a mechanism called the regulatory clearing account, Eskom can appeal to NERSA to allow it to claw back some of its cost overruns retrospectively by increasing levies on consumers in the year ahead.
Business Day, 18 January 2016
IRENA reveals first global macroeconomic impact of renewables
The International Renewable Energy Agency (IRENA) claims that global gross domestic product (GDP) could climb by 1.1% (US$1.3 trillion) should the global energy mix increase its renewable energy share by 36% by 2030.
"Japan would see the largest positive GDP impact (2.3%) but Australia, Brazil, Germany, Mexico, South Africa and South Korea would also see growth of more than one percent each,” the United Nations Framework Convention on Climate Change reported.
ESI-Africa, 18 January 2016
Energy efficiency tax rebate increased to 95c/kWh
An amendment to section 12L of the recently promulgated Taxation Laws Amendment Act, which deals with the energy-efficiency tax incentive, has increased the amount of the deduction from 45c/kWh to 95c/kWh or kilowatt-hour-equivalent of energy saved.
The South African National Energy Development Institute noted on Monday that the increased rate was deemed to have come into effect on 1 March 2015, and would apply in respect of years of assessment starting on or after that date.
Engineering News, 18 January 2016
City of Cape Town to procure electric buses for MyCiTi service
The City of Cape Town plans to issue a tender for the procurement of electric buses for the MyCiTi service, in line with its commitment to lowering carbon emissions, Mayor Patricia de Lille said in a statement published on the city’s website on Wednesday.
“If all goes according to plan, Transport for Cape Town will be the first municipality in the country to benefit from the latest alternative fuel technology and we will be the first city in Africa to use electric buses for public transport,” she enthused.
Engineering News, 20 January 2016
The above reflects a summary of certain news articles published during the preceding week. It is not an expression of opinion in respect of each matter, nor may it be considered as a disclosure of advice by any employee of Hogan Lovells.