Eskom signs coal supply deal with Anglo’s Inyosi Coal
Power utility Eskom said on Friday it had signed a coal supply deal with Anglo American’s black empowerment company Inyosi Coal to have the commodity delivered from the New Largo project to Kusile power station.
The memorandum of understanding signed last week will see Inyosi supply coal to Kusile, which is currently under construction in the Mpumalanga province, according to a statement from Eskom.
Europe urged to back cogeneration for industrial renaissance
The European Association for the Promotion of Cogeneration (COGEN Europe) says increasing the combined heat and power (CHP or cogeneration) in European industries could lead to an improvement in companies’ competitiveness and drive an economic recovery through industry.
“Instead of simply using energy to produce heat, an industry can use cogeneration on site to gain greater control over its energy costs, boost productivity, and demonstrably reduce its carbon footprint”, the paper says.
Eskom fund plan needs higher SA power rates, Moody’s says
MoneyWeb – “The effect of the proposed measures on Eskom’s credit metrics would be marginal.”
Eskom will need to raise tariffs to supplement South African government plans to provide R20 billion of funding for the state-owned power producer, Moody’s said.
“The proposed equity injection would provide much needed liquidity and ease the short-term funding pressure on Eskom,” analysts at the New York-based credit-rating company including Paul Marty wrote in a note yesterday. “The effect of the proposed measures on Eskom’s credit metrics would be marginal.”
