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Terence Creamer

Terence Creamer

Terence Creamer is the Editor of Engineering News and a Deputy Editor for Mining Weekly.

He also has editorial responsibility for Polity.org.za and Creamer Media's Research Channel Africa.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole

13th December 2018 State-owned electricity producer Eskom is going back to the future as it seeks to close an estimated 1.3-billion ton coal shortfall that it calculates will arise over the remaining life of its coal-fired power station fleet. The shortfall calculation takes account of the decommissioning of the... 

'Treasonous' tweets won't help Eskom out of current 'crisis'

6th December 2018 Public Enterprises Minister Pravin Gordhan reported that a Cabinet task team would be appointed by President Cyril Ramaphosa soon to finalise a road map for turning around the debt-laden utility, which he acknowledged was in the midst of an operational “crisis”. The “small” task team would work... 

DoE seeks comment on proposed revisions to fuel-price formula

5th December 2018 The Department of Energy (DoE) is calling for comment on a discussion document it has compiled following a review the basic fuel price (BFP) structure for petrol, diesel and illuminating paraffin. The BFP formula has been employed to calculate the prices of petroleum products produce at South... 

Another Eskom equity injection mooted amid R15bn loss warning

28th November 2018 South Africa’s debt-laden electricity utility Eskom is in discussions with government about yet another equity injection, as well as various possible “debt-relief” options, as part of a turnaround plan, which chairperson Jabu Mabuza insists needs to be implemented immediately if the company is to... 

Carbon Tax Bill provides for tax-free allowances of up to 95%, but concern over impact persists

22nd November 2018 South Africa’s National Treasury has included several transitional tax-free allowances in the Carbon Tax Bill tabled in Parliament this week. The allowances will result in an effective carbon tax rate of between R6/t and R48/t for carbon dioxide-equivalent (CO2e) emissions released by industrial... 

Eskom to buy ‘emergency’ coal, splurge on diesel as load-shedding risk returns

16th November 2018 South Africa’s power utility Eskom reports that it has received approval for the National Treasury from the “urgent procurement” of four-million tons of emergency coal to help address serious stock shortfalls at several of its 15 coal-fired power stations. More than 1.1-million tons have already... 

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes

14th November 2018 Debt-laden electricity utility Eskom is preparing for yet another bruising encounter with consumers in the coming months, during which it will seek to justify it latest R762-billion, three-year revenue application. If successful with its fourth multiyear price determination (MYPD4) application,... 

IEA warns of damaging price spikes if weak oil investment left unchecked

13th November 2018 The International Energy Agency (IEA) is cautioning of “damaging price spikes in the 2020s” if the current weak investment in new oil supply is “left unchecked”. The agency states that the average level of new conventional crude oil project approvals over the last three years is only half the... 

Lazard says ‘inflection point’ reached making new renewables cheaper than existing coal

9th November 2018 A new US study comparing the costs of energy from various generation technologies indicates that an “inflection point” has been reached where, in some cases, it is more cost effective to build and operate new renewable-energy projects than to maintain existing conventional generation plants. The... 

Eskom issues senior managers with retrenchment notice

7th November 2018 The board at State-owned electricity utility Eskom has approved a process that could result in the retrenchment of senior managers, the company confirmed on Wednesday. Eskom said in a statement that, despite efforts to curb expenditure, operating costs had continued to increase dramatically,... 

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