{"id":255760,"date":"2023-03-30T14:23:46","date_gmt":"2023-03-30T12:23:46","guid":{"rendered":"https:\/\/www.myza.co.za\/energy-action-plan-makes-progress\/"},"modified":"2023-03-30T14:23:46","modified_gmt":"2023-03-30T12:23:46","slug":"energy-action-plan-makes-progress","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/energy-action-plan-makes-progress\/","title":{"rendered":"Energy Action Plan makes progress"},"content":{"rendered":"
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Mineral Resources and Energy Minister, Gwede Mantashe, says the Energy Action Plan (EAP) that government has implemented to address the electricity crisis is beginning to make progress.<\/p>\n

Mantashe was addressing the North West Mining and Energy Investment Conference on Thursday.<\/p>\n

State power utility Eskom announced earlier this month that at least six coal-fired power stations achieved an Energy Availability Factor (EAF) of 70% for the first time since May last year.<\/p>\n

Mantashe said government is committed to resolving the country\u2019s energy challenges guided by the optimal energy mix envisioned in the Integrated Resources Plan (IRP) 2019 and – as envisioned in the EAP – to improve the performance of existing Eskom power stations.<\/p>\n

\u201cOur approach is further guided by the need to improve Eskom\u2019s EAF through adequate maintenance and servicing of existing coal-fired power stations, the procurement of emergency or short-term power, the purchase of electricity across our borders, and improving skills capacity at Eskom.<\/p>\n

\u201cIn this regard, we are encouraged by the recent report by Eskom that there have been notable gradual improvements in the EAF\u2026 This shows progress from the commitments made in the Energy Action Plan aimed at improving the performance of Eskom\u2019s existing power stations,\u201d he said.<\/p>\n

He said the EAP\u2019s plan on embedded generation licensing is also beginning to bear fruit, with some mining companies making use of the opportunities for self-generation.<\/p>\n

\u201cOther notable improvements in the action plan include the reforms made to embedded generation, where the licensing threshold has been removed. We are pleased that mining companies are increasingly leveraging on these reforms.<\/p>\n

\u201cFollowing Gold Fields\u2019 success in the construction of a solar plant to boost its energy reliability, Seriti is constructing a wind project in Mpumalanga, and Exxaro is constructing a solar plant to supply electricity to their Grootegeluk mine.<\/p>\n

\u201cThrough these reforms, government has enabled policy and regulatory certainty, therefore, it is incumbent on individual companies to leverage on them. We hope to see more and more registrations in this regard,\u201d Mantashe said.<\/p>\n

Economic recovery and transformation<\/strong><\/p>\n

Mantashe acknowledged the current economic difficulties, which are due to \u201cupheavals and uncertainty in the domestic and global markets\u201d, electricity disruptions, logistical backlogs on rail and at the ports and ongoing \u201cgeopolitical dynamics\u201d.<\/p>\n

\u201cAll these challenges have a direct impact on the rising cost of living. The increases in food and energy prices, rising interest rates, and inflation have a compounding negative effect on economic recovery.<\/p>\n

\u201cIt is against this backdrop that the department\u2026 decided to convene these Mining and Energy Investment Conferences, not only to promote investments in these key sectors of our economy, but to also engage constructively and openly with all those concerned with the growth and transformation of our economy.<\/p>\n

\u201cThe struggle for transformation and the creation of an inclusive economy affects all the institutions within the mining and energy sectors,\u201d he said.<\/p>\n

In this regard, Mantashe said, government has earmarked the North West, Limpopo and the Northern Cape as key provinces going forward for mining exploration in the country.<\/p>\n

\u201cNoting the progress made following the gazetting of the [exploration strategy] and its implementation plan in April 2022, we are currently engaged in an intensive programme of mineral exploration particularly in the North West, Limpopo, and the Northern Cape province.<\/p>\n

\u201cWe are doing this because we are convinced that this is the new mining belt for our country where new mines can be opened on the back of the discovery of new minerals that have been proven to be critical for a just energy transition,\u201d he said.<\/p>\n

Mantashe said a R500 million exploration fund by the Council of Geoscience (CGS), in partnership with the Industrial Development Corporation has already been formed to \u201cenable junior mining and the emergence of new mines\u201d.<\/p>\n

\u201cThis is deliberately intended to redress the past imbalances wherein the majority of South Africans were systematically marginalised and prevented from owning the means of production, and from meaningful participation in the mainstream economy.<\/p>\n

\u201cAs we brace ourselves to grow and transform the mining and energy sector, we must be conscious that this will not be an easy task. However, we must ensure that we are not detracted and derailed from growing a globally competitive and transformed mineral and energy sectors,\u201d Mantashe said. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Mineral Resources and Energy Minister, Gwede Mantashe, says the Energy Action Plan (EAP) that government has implemented to address the electricity crisis is beginning to make progress. Mantashe was addressing the North West Mining and Energy Investment Conference on Thursday. State power utility Eskom announced earlier this month that at least six coal-fired power stations […]<\/p>\n","protected":false},"author":1,"featured_media":255761,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-255760","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2023\/03\/energy-action-plan-makes-progress.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/255760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=255760"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/255760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/255761"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=255760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=255760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=255760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}