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SOUTH AFRICA

Seriti Resources tightens its grip on New Largo, Eskom's future coal supplier

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“Southern Africa: the tough path towards quitting coal”
SOUTHERN AFRICA

Southern Africa: the tough path towards quitting coal

The whole region of southern Africa, and especially South Africa, remains extremely dependent on coal mines, despite protests from environmentalists and pressure from the West in the form of billion-dollar subsidised plans to speed up the coal phase-out. The weighty state-owned Eskom, which has been embroiled in deep crisis for years, is making a tentative attempt to diversify. However, in a country where the sector's unions enjoy unparalleled influence within the state apparatus this is a daunting task. Neighbouring states are attune to this fact and are launching new projects to supply the regional giant's power plants. [...]
The South African firm, which regroups four influential holding companies, has supplied the state utility's coal-fired power stations since 1998. It is now the sole owner of the vast New Largo project, which is set to supply the new Kusile power plant. [...] (370 words)
Issue dated 18/05/2022 Reading time 2 minutes
Mining

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Further reading
South African President Cyril Ramaphosa (right) and his Minister of Mining and Energy, Gwede Mantashe. © Gianluigi Guercia/AFP
In Focus
SOUTH AFRICA Energy Politics 27/06/2022

Eskom's fate caught up in the clash between Ramaphosa and Mantashe 

South Africa's head of state supports the development of renewable energy, yet the energy minister opposes it and is promoting the benefits of coal. Caught in the crossfire of this political struggle is Eskom's CEO, Andre de Ruyter, who has come up with a recovery plan to save the ailing company. [...]
Gwede Mantashe, Minister of Mineral Resources and Energy. © Siphiwe Sibeko/Reuters
Inner circles
SOUTH AFRICA Energy Politics 24/12/2021

Mantashe weaponises energy regulator NERSA to rebuff Eskom and champion Karpowership 

Since he took over as mineral resources and energy minister in February 2018, Gwede Mantashe has strengthened his hold over the National Energy Regulator of South Africa (NERSA). His authority over the body's directors has enabled him to pursue an ongoing vendetta with Eskom, press the case for retaining Turkish private sector energy supplier Karpowership and back nuclear power development. [...]

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Mining

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