presidency on fin report on eskom coal contracts south

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Pandemic, war and 'crazy' prices menace South African pivot from coal

Apart from the unreliability of Eskom's ageing coal power plants, South Africa is also under pressure to end its reliance on highly-polluting coal as it is the world's 12th biggest emitter of ...

Medupi Power Station - Global Energy Monitor

Background. The project comprises six 800 megawatt (MW) units to be provide a total installed capacity of 4,800 MW installed capacity. In November 2007 the public electricity utility, Eskom, stated that "the first unit is scheduled to be commissioned in 2012, with the last unit scheduled for commissioning by 2015." The power station will be Eskom's first supercritical plant and when completed ...

Climate finance for a transition away from coal: a chance to change ...

Smoke rises from the Duvha coal-based power station owned by state power utility Eskom, in Mpumalanga, South Africa In the opening days of the COP26 international climate conference, a financing partnership was announced between South Africa and a consortium consisting of France, Germany, the UK, the US and the European Union (EU).

Beyond Coal: Why South Africa Should Reform and Rebuild Its Public ...

South Africa's state-owned power utility, Eskom—which generates over 90 percent of energy consumed in the country—is in deep crisis. It is in this context that some are promoting the "unbundling" of Eskom, a measure initially imposed by the World Bank as a condition of debt relief.

Eskom tackles corruption - contract by contract - Moneyweb

Eskom tackles corruption - contract by contract CEO André de Ruyter paints a picture of where the power utility currently sits, electricity tariffs, its operational outlook and his plans. By ...

Eskom blames Guptas for coal shortage - IOL

Energy analyst Ted Blom said that Eskom was warned as early as 2007 that it could face a coal cliff. "Now, more than 10 years after the announcement, not a single new Eskom-tied coal mine has ...

ALSTOM : to retrofit the low pressure steam turbines in Eskom's Kriel ...

This retrofit contract follows Alstom's recent successful refurbishment of Eskom's Arnot coal-fired power plant where the total plant capacity was increased by 180 MW. Alstom has also retrofitted steam turbines in Koeberg, South Africa's only nuclear power station and increased its capacity by over 60 MW.

Media Statement: Eskom Contracts

The National Treasury is surprised by media reports of Tegeta "warning" and threatening to interdict the department should it release a report into its investigation of Eskom's coal contracts. National Treasury has also noted with concern the statement issued by Eskom on Sunday 28 August 2016 suggesting that it has been co-operating with the ...

Eskom must come clean on coal supply contracts - POLITICSWEB

How much has Eskom paid in terms of the Brakfontein contract in the 2013/2014 and 2014/2015 financial years, Does Eskom pay the market rate for coal to Brakfontein, and. Did Eskom follow an open and transparent bidding process for its coal supply? It has been further revealed that Eskom, signed the coal supply deal with the Gupta's three days ...

Presidency on Fin24 report on Eskom coal contracts | South African ...

Presidency on Fin24 report on Eskom coal contracts 25 Apr 2015 The Office of the Deputy President takes exception to statements made by energy analyst Ted Blom during a press club briefing on Friday 24 April 2015 in Cape Town and published in Fin24 that Deputy President Cyril Ramaphosa has benefited improperly from Eskom coal contracts.

Bank of Baroda, the Guptas, Jacob Zuma - The Hindu

In one 2016 deal, it was given a massive 564 million rand ($48 million) contract to supply Arnot, a large power plant, with six months of coal. Eskom had been purchasing coal for an average price...

R2.3bn Anglo coal sale to Seriti may hit Eskom ownership snag

Seriti Resources, the company Anglo named as the proposed buyer of three Eskom-tied coal mines and four closed coal assets, is a new 79% black-owned company, which easily ticks the transformation ...

#StateCaptureInquiry: Eskom forced to conclude multibillion-rand Tegeta ...

Eskom executive Daniel Mashigo on Tuesday told the Zondo Inquiry that the financial evaluation of Gupta-linked coal mining company Tegeta Resources was done "just to tick the box" after a multi-billion rand contract with Eskom had already been signed.

Eskom corruption scandal and its implications - M i N M E T

An investigation done by the amaBhungane Centre for Investigative Journalism found that the Gupta family had received contracts worth R11.7 billion from Eskom to supply coal between 2014 and 2017. Eskom was pressurised to sign the first coal supply contracts with Gupta owned entities by then President Jacob Zuma. Investigations

The Eskom Crisis: What are we dealing with? - Energy For Growth

The availability factor of the primarily coal generation now stands at just ~66%. 1 This unreliability, paired with 400% price increases over the last decade (the basic tariff is now R1.06/kWh or $0.07/kWh), has cut demand and dramatically increased non-payment rates. 2 Eskom, which once enjoyed a higher investment grade than the sovereign, is n...

The man with a plan to fix Eskom | The Economist

Jul 14, 2022Under Jacob Zuma, president from 2009 to 2018, Eskom contracts worth almost 15bn rand ($1.4bn) were given to cronies, many of them to businesses linked to the Indian-born Gupta brothers, according ...

No light at the end of Eskom's tunnel until blockages...

During Brian Dames' succeeding tenure, the Eskom directors' remuneration report reveals that R18.5-million was paid to executive committee members, compared to R8.8-million in the preceding year....

South Africa and coal - Global Energy Monitor

Eskom's contracts with other countries are of longer duration than Botswana's. The contract with Namibia runs through to June 2017, while the contract with Swaziland runs through to December 2024. ... ↑ 14.0 14.1 Eskom, "Coal in South Africa Revision 5", January 2008. ... Eskom Annual Report 2008. ↑ 24.0 24.1 Question No.: 522", Department ...

Probe of Eskom coal contracts will be at Zuma's behest - BusinessLIVE

Public Enterprises Minister Lynne Brown's referral of controversial Eskom coal contracts to the Special Investigating Unit (SIU) faces a potential hurdle — President Jacob Zuma.

Treasury, Eskom in war of words over cooperation in coal-contract review

The National Treasury has strongly disputed Eskom's contention that it has been cooperating with its review of coal contracts involving the Gupta-family-linked Tegeta Exploration and Resources, indicating rather that its "efforts have met resistance" from the utility. It also disputed Eskom's assertion that the National Treasury had signed off on audits of the contracts.

South Africa: Eskom laments poor quality of coal - ICSC

So unfortunately, in terms of load-shedding, the risk remains." Eskom had to resort to load-shedding at the end of last year. Asked about the long-term future of coal, Oberholzer said the Eskom board had approved a long-term coal strategy, which included investing between R10-billion and R12-billion in coal mines.

Probe finds $924 million of questionable deals at Eskom during Zuma ...

Eskom Holdings SOC Ltd. entered into irregular contracts worth 14.7 billion rand ($924 million) mainly with entities linked to members of the Gupta family, who were Zuma's friends and in ...

Eskom Inquiry - Pari

Source: Eskom Annual Financial Report 2017 Eskom is dominant in the power sector. It generates more than 90 per cent of South Africa's electricity, controls the entire national high voltage transmission grid, and distributes around half of electricity directly to consumers, with the remainder going to municipalities. Eskom's assets are ...

Financially Flailing Eskom Scrambles to Complete Defect-Ridden Coal Plants

1. Eskom shed fewer days of load in 2019, but the incidents were more intense. Courtesy: South Africa Reserve Bank. But in 2019, for the first time since a single incident in 2008, Eskom recorded ...

South Africa's Eskom to revise coal contract strategy

JOHANNESBURG, Nov 16 (Reuters) - South Africa's cash-strapped power utility Eskom said on Friday it had revised its coal strategy to revert coal supply to long-term fixed-price contracts and ...

Eskom - Wikipedia

A report compiled by Eskom and G9 Forensic found that the two ... With pressure for Eskom to sign the first coal supply contracts with Gupta-owned entities being applied on the state-owned firm by then President Jacob Zuma. In 2019 South African Special Investigating Unit launched an investigation into corruption related to the ...

READ: Full Dentons report on Eskom | The Citizen

ALSO READ: What the Dentons, Deloitte reports reveal about Eskom's 2008 blackouts The paper reports he was "given the job of buying more than R10 billion of emergency coal during the 2008 power...

Dear President, Cosatu's plan for Eskom is feasible - IOL

In calculating the financial outlook and future financial position given the execution of Cosatu's plan for Eskom I assumed zero gross domestic product growth in constant money terms for the ...

South Africa Seeks Coal Price Cuts to Avert Eskom Collapse

South Africa is pushing coal producers to cut prices to help save Eskom Holdings SOC Ltd., the debt-stricken power utility that threatens to unravel the country's finances. "At these prices of ...

amaBhungane and Scorpio #GuptaLeaks: How Eskom was captured

In 2015, Eskom had taken the decision not to renew Exxaro's cost-plus contract to supply Arnot as the price Eskom paid for the coal had become unsustainably high, sometimes exceeding R1,000/ton ...

Guptas score R564 million "bailout" from Eskom: report - MyBroadband

The City Press reported that Eskom has quietly awarded a R564 million contract to Optimum Coal, which is owned by President Jacob Zuma's son Duduzane Zuma and the Gupta family.. In April this ...

Coal - Minerals Council South Africa

The coal industry employed 92,230 people in 2019 (86,647 in 2018), representing about 19% of total employment in the mining sector. 258.9 million tonnes produced in 2019 (253Mt in 2018) with total coal sales of R139.3 billion (R146 billion in 2018) Net investment in the coal industry was R4.5 billion in 2010, decreasing to R2.5 billion in 2018 ...

Eskom Graft Probe Widens Into Contracts With Global Partners - Yahoo! News

(Bloomberg) -- Eskom Holdings SOC Ltd. contracts with five international companies will be scrutinized by South African state investigators as part of a widening probe into graft at the debt-laden state-owned utility.The probe will review agreements with North American engineering services firms WSP Global Inc. and Black & Veatch Corp., as well as agreements with Alstom SA of France ...

COP26: South Africa to receive $8.5bn to stop using coal

In a revolutionary climate agreement, South Africa will receive $8.5bn from the US and European powers to help the country stop its coal usage. The country, which has traditionally been heavily reliant on fossil fuels, will receive the financial package over a 'three-to-five-year period'. South Africa now aims to decommission 34GW of coal ...

National Treasury slams Eskom, Tegeta statements on coal contracts

National Treasury slams Eskom, Tegeta statements on coal contracts 'Molefe, Ngubane ignored requests for comment'. By Antoinette Slabbert 29 Aug 2016 15:23 National Treasury slammed Eskom in a...

S.Africa corruption enquiry recommends prosecuting Eskom's former board ...

JOHANNESBURG — The former board of South African power company Eskom should face criminal prosecution for a string of management failures and a "culture of corrupt practices" during the presidency of Jacob Zuma, a report said on Friday.

Long-term contracts are cure for Eskom's coal cost ... - BusinessLIVE

One of Eskom's biggest suppliers has called on the state-owned power utility to return to long-term supply contracts to bring its coal costs down. South32 COO Mike Fraser was speaking on Wednesday ...

Eskom's massive coal contract splurge | Citypress

The report, which City Press obtained, was handed to former president Jacob Zuma in July 2017 after a four-year investigation and was never released by the presidency. "The figure of R14.5 trillion is ... the total value of all coal contracts entered into during the emergency-period negotiations at Eskom.

South Africa's Eskom Gets Workaround to Tackle Coal Shortages

Apr 20, 2018South Africa's Eskom Holdings SOC Ltd. has permission to circumvent some purchasing rules in order to boost critically low coal stocks at several of its power stations and avoid a return to ...

How to solve South Africa's energy crisis | The Economist

Goldman reckons power cuts could reduce GDP growth by 0.9 percentage points, about half the rate of official growth forecasts. Eskom also threatens South Africa's public finances. Since 2007 ...