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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

Alibaba’s Jack Ma to speak at Ramaphosa’s Investment Conference dinner

18th October 2018 Chinese tech sensation Jack Ma will deliver the keynote speech at a dinner to be hosted by President Cyril Ramaphosa on October 26 as part of the inaugural South Africa Investment Conference. The conference will take place at the Sandton Convention Centre, in Gauteng, from October 25 to 27, in... 

Technology cost assumptions used to produce IRP explained

9th October 2018 An experienced electricity system modeller has corrected a suggestion that the draft 2018 Integrated Resource Plan (IRP 2018) uses levelised cost assumptions for the various generation technologies tested, explaining that overnight capital cost assumptions for each technology are key inputs. The... 

Technologies listed in IRP may be used as ‘proxies’ for equivalent solutions

5th October 2018 The Department of Energy (DoE) may consider using the generation technologies listed in the Integrated Resource Plan (IRP) as “proxies” for other technologies that are able to deliver an equivalent solution to the power system at the same cost. Speaking at a stakeholder workshop hosted by the... 

Detailed Jobs Summit package includes R100bn for black industrial firms

4th October 2018 The detailed 84-page framework agreement unveiled by President Cyril Ramaphosa at the much-anticipated Jobs Summit on Thursday includes a reaffirmation of a commitment by the financial sector to invest R100-billion in black-owned industrial enterprises over the coming five years. Funding for... 

Radebe outlines additional cost of coal IPPs to consumers

1st October 2018 Energy Minister Jeff Radebe has confirmed that electricity consumers will pay 1.9c/kWh more by 2030 on a projected electricity tariff of 119c/kWh to accommodate the two independent power producer (IPP) coal-fired power stations included in the draft 2018 Integrated Resource Plan (IRP 2018) – a... 

September fuel freeze not repeated in October as prices surge

1st October 2018 Energy Minister Jeff Radebe has resisted the temptation of again intervening to freeze fuel-price increases, confirming on Monday that the price of petrol and diesel will surge sharply at midnight on October 3. With both the rand/dollar exchange rate and oil prices moving against South Africa... 

Glencore backs $1bn acquisition of Chevron South Africa by black-owned consortium

28th September 2018 Black economic empowerment (BEE) consortium Off The Shelf Investments (OTS) confirmed on Friday that it had acquired Chevron South Africa (CSA) in a deal valued at $1-billion and financed by its technical and financial adviser, Glencore. CSA, which owns the Chevron refinery in Cape Town and the... 

Marubeni says Thabametsi unaffected by group’s policy to halve coal capacity by 2030

27th September 2018 Japan’s Marubeni Corporation reports that the development of the Thabametsi coal-fired power station, in South Africa, has not been affected by the group’s September 18 policy decision to “no longer enter into any new coal-fired power generation business”. As part of the policy change, Marubeni... 

Aveng reports strong market interest in most of its noncore assets

26th September 2018 Following a series of capital markets transactions, which have helped stabilise Aveng’s precarious balance sheet, the JSE-listed infrastructure group has turned its attention to the disposal, by June 2019, of several noncore businesses, including its well-known construction business,... 

New Eskom strategy to include pan-African expansion roadmap

25th September 2018 State-owned electricity utility Eskom has confirmed that its new strategy, which will involve far-reaching changes to its business model, will seek to position the company for opportunities arising in the rest of Africa. “Growth opportunities for Eskom are not restricted to South Africa. To grow... 

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