Transnet volumes, revenue up, but falls short of recovery targets

State-owned Transnet has reported a 1.5% year-on-year improvement in the total rail volumes reaching 151.7-million tonnes at the end of March 2024, showcasing improvement in operational performance. However, this figure still fell 1.8% short of Transnet’s recovery plan target of 154.4-million tonnes for the 2023/24 financial year. Speaking at a media briefing at the Transnet Freight Rail headquarters in Johannesburg …

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Eskom says generation recovery plan gathering momentum

During a State of the System address hosted on Friday, Eskom confirmed its generation recovery plan (GRP) is making tangible progress, with various coal-fired power station units having been refurbished, repaired or optimised. Launched in April 2023 following extensive stakeholder engagements, including with power station managers, the GRP aims to address challenges affecting South Africa’s energy availability factor (EAF) within …

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LHWP tunnel closure won’t have significant impact on water supplies, assures DWS

The upcoming six-month closure of the Lesotho Highlands tunnel, from October 1, 2024, to March 31, 2025, for scheduled maintenance is not expected to have a significant impact or disruption on Gauteng’s water supply. The shutdown will result in an 80-million-cubic-metre shortfall during 2024 in the water supply from the critical Lesotho Highlands Water Project (LHWP) to the Integrated Vaal River …

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COP29 climate summit host Azerbaijan defends oil and gas investments

Azerbaijan, host of this year’s UN climate summit, will defend the right of oil and gas producing nations to invest in the sector, the country’s president said on Friday, noting that despite climate targets, fossil fuel demand remains strong. As the host of the United Nations COP29 climate summit in November, Azerbaijan will oversee negotiations among nearly 200 countries on …

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Eskom anticipates limited winter loadshedding amid generation improvements

Newly appointed Eskom group CEO Dan Marokane has provided assurances that loadshedding during the upcoming winter months will likely be contained at Stage 2, thanks to improvements in generation performance across the coal-fired power station fleet. As of April 26, Eskom has marked 30 consecutive days without loadshedding, which Marokane said on Friday was a “good moment” to reflect on. …

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Coca Cola’s Namibia recycling partnership turns bottles into brighter futures

An investment of more than $1.2-million through a partnership between Coca-Cola Beverages Africa (CCBA) and plastic packaging company Plastic Packaging has culminated in the opening of a new polyethylene terephthalate (PET) flaking plant in Okahandja, Namibia. The plant is expected to double the capacity of the only mechanical recycler of plastic waste in the country. Read More Engineering News | …

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Standard Bank mobilises debt fund to support sustainable infrastructure in Africa

Financial services firm Standard Bank has committed to Acre Impact Capital’s Export Finance Fund I to support the financing of sustainable projects in Africa. Acre Impact Capital manages Export Finance Fund I, which seeks to invest in climate-aligned and sustainable infrastructure projects in renewable energy, health, food, water security, sustainable cities and green transportation, thereby providing access to essential services …

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