Mantashe made it clear that he blamed foreign-funded NGOs for the slow process of development. “They block development in our country”.
The Department of Mineral Resources (DMRE) accepted the scoping report on March 24.
“We are deeply concerned about reports that the erstwhile CEO solicited funds from unknown sources that were channelled through Business Leadership,” the ANC said. The organisation should “reveal how much was paid to apartheid era agents” the statement continued.
CGG aims to carry out the work in the 2023-24 summer window, with seismic taking around four or five months to complete.
The first five bidders, named in December, were to build 860 MW of capacity. The ministry was seeking 1,000 MW. The DMRE said the IPP office and the bid adjudication committee had recommended Ngonyama.
OUTA also celebrated another success today in its efforts to enforce public transparency. Minister of Finance Enoch Godongwana withdrew an exemption that would have limited disclosures from Eskom. This would cover “any irregular expenditure and fruitless and wasteful expenditure” in its annual statements.
As the gas market grew, Africa Energies said the development of the Paddavissie Fairway would expand. The company believes there is more to be found in the region, based on 2D and 3D seismic.
Eco Atlantic has begun the regulatory process of applying for an exploration well offshore South Africa in the Orange Basin.
Sasol signed on to the PPA in January. The petrochemical company is shifting away from coal to gas, ultimately aiming to focus on green hydrogen.
De Bruyn said iMbokodo had been set up with an eye on the draft bill and that the company was “compliant with government expectations”.
The government made the Round 5 awards in October 2021. Red Rocket reached financial close on the plans in November 2022. Absa and Standard Bank were mandated lead arrangers for the project financing.
The company won the work on the basis of generating emergency power. However, the contract would have seen Eskom commit to a 20-year purchase agreement. There has been widespread criticism of the way in which the government awarded the contracts.
Phase 2 will cost $1.16 billion over the next three years, with the company aiming to reach commercial operations by 2026.
The immediate priority is to “turn around the performance of existing power stations and stabilize our energy supply, whilst adding new capacity to the grid”, Ramokgopa said.
The challenge over the next 10 years will be in scaling up SAF production. Green hydrogen production is relatively niche, as yet. “A lack of green power and electrolysis capacity, this will not make a dent” in the projected SAF demand.
The FCDO said people should prepare for “prolonged power outages”.
Earlier this month, CEO and chairman Patrick Pouyanné visited Cabo Delgado and announced the appointment of a human rights rapporteur, Jean-Christophe Rufin.
“We’ve started closing the taps and that doesn’t make you any friends. There’s a long list of people” who might have wanted to kill him, de Ruyter said.
The government has said it is keen to establish – with Eskom, Treasury and the Department of Public Enterprises – a means to build new transmission infrastructure. This would allow more private sector participation in transmission, it said.
While drilling is ahead of schedule in Mozambique, gas production was 2% lower, Sasol said. This is “due to reduced demand from our own operations and the external market largely due to the ongoing power outages”.
A greenfield LNG project requires “absolute harmonisation of business objectives and risk allocation and for the state-owned enterprises to be singing from the same hymn sheet”.
Engen has 1,300 service stations in seven sub-Saharan states and islands of the Indian Ocean. Combining Engen with Vivo gives the group more than 3,900 service stations and more than 2 billion litres of storage capacity. It will have presence in 27 African countries.
The Brunel Solar Team won in 2022, covering 3,780 km, just 10 km more than the runners up Agoria.
The statement noted that green ammonia produced domestically would reduce South Africa’s reliance on imports and the strain on its overburdened rail network.
“Panoro is entering a phase of continual drilling activity which will see at least 10 wells being drilled in Gabon and Equatorial Guinea over the next 12 to 15 months and deliver a step-change in working interest production,” said company CEO John Hamilton.