Monthly Archives

October 2021

Eskom seeks private partners

Eskom seeks private partners who want to use its land for power projects

By | Energy, Resources & Renewables | No Comments

  • Eskom says there are opportunities for private investors to partner with the utility to improve energy security.
  • The utility is looking at various option of repurposing its old coal plants, particularly in Mpumalanga, for renewable projects.
  • CEO André de Ruyter says a new “model” is being developed to make it easier for Eskom to form corporate partnerships.

Eskom is looking for corporate partners companies to help solve the country’s energy supply crisis, the CEO of the state-owned electricity generator, André de Ruyter, said on Wednesday. He was addressing the Electricity Forum, an event organised by the industry group the Manufacturing Circle.

Eskom, which generates the bulk of its electricity from coal, is shifting its focus to renewable sources of energy, in what is meant to shore up capacity and decarbonise its operations.

De Ruyter pointed out that Eskom has substantial plots of land which could potentially be used to put up renewable energy infrastructure, such as solar and wind farms.

“We are one of the largest landowners in South Africa, in Mpumalanga we own a lot of surface rights to coal mines both currently operating and those that have ceased operations and now need to be rehabilitated.

“We would be able to make use of these land rights so that investors can come and install their capacity and help us solve the problem of electricity shortage for the country.”

energy transition project pipeline

Eskom aiming to secure concessional funding for R400bn just energy transition project pipeline

By | Energy, Resources & Renewables | No Comments

State-owned electricity producer Eskom has identified a pipeline of ‘just energy transition’ projects valued at about R400-billion that it will seek to fund using concessional finance raised from international financiers that have committed to supporting decarbonisation initiatives in developing countries, including South Africa.

Just Energy Transition GM Mandy Rambharos reported on Thursday that the pipeline includes wind, solar and gas and battery projects, some of which will be deployed at its decommissioning coal power stations, starting with Komati in 2022.

It also includes the building of at least 8 000 km of transmission lines, 12 new substations in four provinces, the deployment of 110 transformers by 2030 to strengthen the network, the reinforcement of critical distribution corridors and the deployment of microgrids in locations that are hard to electrify using grid electricity.

Eskom is proposing to fund the projects through a Just Energy Transition financing facility, which has been conceptualised as a multi-tranche, multi-year facility, funded.