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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY
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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

Seifsa concerned over Competition Commission search

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Industry organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has voiced its concern about the Competition Commission’s recent raid at four companies in the steel industry. As reported by Engineering News on February 13, the commission conducted search and seizure operations at the premises of four scrap metal buying companies operating in Germiston, Nigel, Vanderbijlpark and Hammanskraal.

Water Bill will not fix political failure, poor governance, warns Outa

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The Organisation Undoing Tax Abuse (Outa) on Monday warned that, while necessary, the amendment of South Africa’s Water Services Act will not fix political failure and poor governance. In its formal submission to Parliament on the Water Services Amendment Bill, Outa recognised the scale of the reform and supported its intention, noting that reform was necessary; however, it must address the root cause.

Vitol backs proposed $3bn LNG power plant for South Africa's Durban port

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Global commodity trader Vitol is backing a consortium planning to build a $3-billion gas-fired power station and liquefied natural gas (LNG) import facility at South Africa's east coast Durban port, a company spokesperson said. South Africa sees gas as crucial for its efforts to move away from coal-fired power plants which supply most of the electricity to Africa's most industrialised economy, while Vitol wants a foothold in a market targeting 16 gigawatts of new gas generation by 2039.

Lyra Energy signs private offtaker agreements for inaugural 255 MW solar PV project

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Electricity trader Lyra Energy reports that it has entered into power purchase agreements with three private offtakers that will buy a large portion of the electricity to be produced from its 255 MW Thakadu solar PV project. The Thakadu project is the first project to be implemented in South Africa by Lyra, which is a partnership between independent power producer Scatec, which owns 50% of the trading platform, as well as Standard Bank and Stanlib.

Electricity reform-type urgency required to save manufacturing – BLSA

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Business Leadership South Africa (BLSA) CEO Busi Mavuso says in her latest weekly newsletter that the biggest omission in President Cyril Ramaphosa’s February 12 State of the Nation Address (SoNA) is a plan to deal with the rapid deindustrialisation South Africa is facing. She calls for a decisive response to the destruction of manufacturing capacity that took decades to build and remains key to employment creation.
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