Electricity generated from coal-fired plants is set to fall by a record 3% this year, raising chances for slowing global carbon dioxide emissions growth, according to a report released by Carbon Brief.
Browsing: Energy and sustainability
André de Ruyter, the next CEO of embattled Eskom, has experience trying to turn around struggling companies.
Bond investors aren’t showing much faith in Eskom’s new boss, with yields on the company’s 2021 dollar bonds jumping the most in more than three months after the appointment of André de Ruyter.
After months of speculation and delays, South Africa named André de Ruyter as CEO of its debt-crippled state power utility, surprising investors with an unexpected choice and angering a key union.
Andre de Ruyter has been appointed as CEO of Eskom, the debt-strapped utility that provides about 95% of the nation’s electricity and poses the biggest threat to its economy.
While the government pledged to name a new head of Eskom by the end of October, it’s missed repeated deadlines to act, evidence of how politically fraught the process has been.
Eskom has warned that the supply of electricity remains constrained, with a probability of load shedding all week.
France is weighing providing financial support to South Africa’s indebted utility Eskom, according to a newspaper report at the weekend.
The transition from fossil fuels to cleaner energies is a global pursuit. But it’s faster and more intensive in some countries than others. Take the case of South Africa.
The power-supply situation in South Africa has taken a sudden turn for the worse, with Eskom said on Thursday evening saying it plans to implement overnight stage-2 load shedding from 10pm to 5am on Friday.