JOHANNESBURG – Eskom says it’s working with technicians in Mozambique to restore power supply through the two power lines that went offline cutting about 1,000 megawatts of power from the grid. Advertisements
(Reuters) – A bailout for struggling South African state utility Eskom could reach as much as 150 billion rand ($10.79 billion) over 10 years, a senior National Treasury official told Reuters.
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Ncondezi Energy confirmed it had signed contracts and paid for the services of Synergy Consulting Infrastructure and Financial Advisory Services, which counts its founder and majority shareholder as a director of Ncondezi Energy.
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South Africa’s power utility Eskom said it would temporarily turn off the power on Sunday due to the increasing strain on its power stations and reserve capacity.
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Hidroeléctrica de Cahora Bassa (HCB), the EDM-owned company which owns the giant hydropower plant in Tete province on the Zambezi river, will list on Mozambique’s stock exchange, the BVM, by the end of Q1 2019, BVM head Salim Vala said yesterday quoted by State-run newspaper Noticias. It wants to sell 7.5% of its shares to Mozambican investors.
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South African miners support a restructuring of struggling state power firm Eskom to boost competition in the electricity supply industry, an industry body said on Wednesday, warning that tariff hikes alone would not solve Eskom’s problems.
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China’s electricity consumption rose to 6.84 trillion kilowatt hours in 2018, hitting a six-year high of 8.5 percent year on year, the Xinhua news agency reported on Tuesday, citing official data.
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Mozambican state electricity company EDM loses US$100 million annually due to illegal connections to its grid, the company’s new chairman, Ale Sicola, told Mozambican newspaper O Pais adding that he plans to introduce “smart” electricity meters to minimise the problem.
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US electric car manufacturer, TESLA, plans to introduce batteries on the Nigerian market that can power homes and businesses. The batteries would allow for consumers’ in remote areas without access to the national power grid a more stabilized and clean energy source. Director General of the Bureau of Public Enterprise, Alex Okoh, said, “TESLA’s introduction could take advantage of palpable outrage in a country where over 190 million people share barely 400 MW of power”….
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There is strong interest across the industry in making LNG-to-power work in sub-Saharan Africa, but nobody has yet cracked a structure that works.
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