By Elizabeth Antidius Shumbusho | Africa Guardian Private power and Independent Power Producer (IPP) investments are critical for Africa’s energy future, with the potential to enhance energy access and eliminate energy poverty across the continent. Countries are increasingly turning to renewable energy sources to boost supply while aligning with global transition goals. At the African Energy Week (AEW) 2024:…
The Spanish initiative is in line with the aims of the $8.5-billion Just Energy Transition Partnership between South Africa and funding partners including France, Germany, the US, UK and the European Union. Spain is providing 2.1 billion euros ($2.3 billion) to help fund South Africa’s energy transition and water needs, even as some of the world’s richest nations struggle…
South Africa’s debt-ridden state power utility is recruiting its 14th chief executive officer in a decade, but finding someone who can do the job and actually wants it will be a tall ask. Eskom Holdings SOC Ltd. supplies more than 90% of the nation’s electricity, has more than 42,000 employees and doesn’t earn enough to cover its operating costs…
Eskom Group’s chief executive Andre de Ruyter has resigned, reports News24, as the country suffers worsening loadshedding (planned power cuts). De Ruyter is vacating his position close to when he assumed his post – December 25, 2019. This is only the second time ever that the country has reached Stage 6 level of power cuts, since the energy crisis…