Eskom secures $500m AfDB loan

first_img“The foundation for this relationship is all the more entrenched due to the two institutions’ critical developmental mandate both in South Africa and the region.” Fostering growth In a statement this week, AfDB vice president Mandla Gantsho underscored the importance of the development bank’s commitment to assisting its regional member states in improving their electricity capacity. “By supporting Eskom’s expansion programme, the AfDB will seek to address not only the energy problem in South Africa, but also the whole sub-region, as Eskom is expected to play an important role in some key regional programmes,” he said. SAinfo reporter In October, Eskom released a list of 23 national and international developers to be unconditionally pre-qualified to produce electricity under the utility’s multi-site base load independent power producer programme. Eskom is spending billions on rehabilitating South Africa’s electricity network and doubling generation capacity to support economic growth in the country and region. In September, Eskom began construction on the Kusile coal-fired base load power station near Witbank in Mpumalanga province, while work on the Medupi coal-fired base load power station near Lephalale in Limpopo province began in April. “The extent and timing of the AfDB loan reinforces the extent to which institutions based on the continent can provide support which fosters growth,” said Eskom finance director Bongani Nqwababa. Would you like to use this article in your publication or on your website? See: Using SAinfo material 11 November 2008 The first of Medupi’s six generating units will be commissioned by early 2011, with the last unit scheduled for commissioning by January 2015. The first of Kusile’s six generating units is scheduled for completion by 2013, followed by the completion on an additional unit after every eight months. State power company Eskom has secured a 20-year loan for US$500-million (about R5.08-billion) from the African Development Bank (AfDB) to fund a capital expansion programme that seeks to increase South Africa’s electricity generation capacity and strengthen the country’s transmission and distribution grid. To date, AfDB has approved a total of nine private sector operations amounting to approximately $1.2-billion in South Africa, and two regional projects amounting to $105-million. The loan agreement, which was signed in Johannesburg this week, is the largest ever granted by the AfDB’s private sector operations division.last_img read more

Smart Homes Get Smarter as Utilities Join In

first_img8 Best WordPress Hosting Solutions on the Market Tags:#home#Internet of Things#web Related Posts john paul titlow The move toward smart homes that are intensively networked and microprocessor-controlled got a small but important push in the U.K. last week. British Gas, one of the country’s biggest gas suppliers, announced a partnership with AlertMe, a startup that specializes in remote home monitoring and energy management. AlertMe and its competitors offer customers a way to manage their home’s energy consumption on the Web or from smartphone and tablet apps. The need to more effectively manage energy consumption is growing, and networked technology is uniquely equipped to help. AlertMe is partnering exclusively with British Gas for its Remote Heating Control service, which will be available to all of the utility company’s 10 million customers. The new arrangement demonstrates that the smart home concept is spreading beyond forward-thinking startups and catching on with utility companies. For consumers, the most compelling advantage of this type of technology is the cost savings. Under the old system, homes were cooled and warmed inefficiently and at improper times, leading to wasted energy and money. Automated systems like those offered by AlertMe, Control4 and smart thermostat manufacturers like Nest allow residents to schedule their temperature-control regimen in advance or do so automatically based on their past habits. This has an immediate impact on home energy bills. If adopted on a large scale, it could have a broader environmental impact. Utility companies and tech startups aren’t the only ones diving head-first into this space. Tech giants are getting in on the action as well. Google aims to weave Internet connectivity into a variety of household appliances with its [email protected] initiative. Meanwhile, Comcast’s XFinity Home initiative is a partnership with Verizon to offer home automation services.  AlertMe’s solution is geared toward U.K. customers for now, but the company says it plans to launch a similar offering in the United States soon. center_img Top Reasons to Go With Managed WordPress Hosting A Web Developer’s New Best Friend is the AI Wai… Why Tech Companies Need Simpler Terms of Servic…last_img read more

When is Manny Pacquiao fighting?

first_imgManny Pacquiao. TRISTAN TAMAYO/INQUIRER.netIf he’s indeed fighting on April 14, as offered by Bob Arum, shouldn’t Manny Pacquiao be back training by now, or hitting the road last week yet?Top Rank announced it has scheduled a Pacquiao bout for April, side-by-side with the WBO welterweight championship between title defender Jeff Horn of Australia and the unbeaten Terence Crawford from Nebraska.ADVERTISEMENT Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ ‘We cannot afford to fail’ as SEA Games host – Duterte Judiciary Committee set to take over Trump impeachment probe PH military to look into China’s possible security threat to power grid Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Hotel says PH coach apologized for ‘kikiam for breakfast’ claim BeautyMNL open its first mall pop-up packed with freebies, discounts, and other exclusives Pacquiao responded by saying he would be very delighted to clash with Argentine punching machine Lucas Matthysse, instead of the banged-up Mike Alvarado. Matthysse is reigning WBA welterweight champion.Bob Arum cried no way: Pacquiao-Matthysse could happen, but not anytime soon.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingSo what is Pacquiao doing?The other day, he was reported doing the political rounds, bringing help and hope to aggrieved countrymen. He also appeared deeply involved nursing and expanding the Maharlika Pilipinas Basketball League (MPBL), his newest sports baby. MOST READcenter_img If Pacquiao would agree to fight in April, time would be of the essence. March is around the corner, and before we know it, Pacquiao would be left with only a month to work and be fit for a stellar performance.Maybe he could afford to take it easy. In fact, Alvarado, a former world titlist who’s openly considered busted ring material, is being trumpeted as top prospect for Pacquiao’s first knockout victim since 2009.Pacquiao could just cram and instantly declare readiness to do battle and go for a KO?Fact is Bob Arum is himself uncertain about Pacquiao’s exact plan.The best the Top Rank CEO could do was announce Pacquiao could fight a truly big fight by November, either against Vasyl Lomachenko or Crawford.Of course, there are many experts and fans who wonder if Pacquiao has enough left in him to wage great battle.ADVERTISEMENT Elorde stakes WBO crown versus Thai Don’t miss out on the latest news and information. SEA Games: PH still winless in netball after loss to Thais The respected boxing critic and scholar Paul Magno has surmised Pacquiao is now the boxing equivalent of the fat Elvis Presley in Las Vegas.“For all intents and purposes, Manny Pacquiao is now in the fat Elvis Presley period in Las Vegas. The question of whether Pacquiao is still among the elite welterweight in the world is up for debate. Instead, Team Pacquiao, guided by Bob Arum, has focused on Manny as a novelty icon—a draw to longtime loyalists and, if Arum gets his way, a piggyback ride for in-house up-and-coming-fighters,” Magno explains.Sports Related Videospowered by AdSparcRead Next ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims LATEST STORIES View commentslast_img read more