The amount private sector players have committed to investing in renewable energy in the country since 2011. On 7 June, minister of energy Tina Joemat-Pettersson announced an additional 13 preferred bidders as part of the renewable energy programme. They will supply an additional 1 084MW to the grid. To date, 92 renewable energy projects have been approved by the department, which will contribute 6 327MW of capacity to the grid. Medupi, Eskom’s mega coal-fired power station that is under construction near Lephalale will add 4 800MW once complete.
The amount Pan African Resources is paying for Uitkomst, a coal mine in KwaZulu-Natal that exports
thermal coal, adding to its gold and platinum portfolio.
Pan African said it expects its headline earnings for the year to end-June to decline by as much as 60%, partly due to lower gold output at its