The collapse of old king coal: the war over the future of coal begins (part 3)

Eskom plans to spend at least R170-billion in a bid to maintain and restore the coal fleet. Will this solve the energy crisis or are we just throwing good money after bad?

The collapse of old king coal part 2:how unrealistic targets created an energy crisis

How a toxic mix of politics and optimism led us into the current energy crisis, and why we risk repeating a disastrous history.

The collapse of old king coal (part 1)

How did Eskom hit energy bankruptcy? To quote Hemingway: “Gradually, then suddenly.” We explain how a toxic combination of politics and blind optimism led us into an energy crisis. Now we must face the fact that Eskom’s coal fleet is failing.

The evaporating case for gas

A study from a coalition of 86 major corporations — including Eskom, Sasol and Shell — shows we need very little natural gas to achieve energy security. So why is government and business pushing a plan that would see us spend R628-billion — and perhaps up to R1-trillion — on gas?

Fuel thieves siphon off millions from Eskom power station

As fuel prices soar, an ageing Eskom power station in Mpumalanga is the hub of one sophisticated fuel theft operation siphoning off millions of rands worth — with help from corrupt officials, trucking companies and police.

The battle for gas is far from over

Shell’s seismic survey may have been halted but energy minister Gwede Mantashe is pursuing an ambitious vision to reshape our energy future, powered by gas.

Clumsy Nersa redaction reveals “higher” cost of emergency power         

A small slip-up in the extensive redaction of documentation around potential 20-year contracts with the controversial Turkish Karpowership group has seemingly revealed that South Africa will pay far more than advertised.

Special project: Tenders and powerships — all amaB’s stories on the RMI4P emergency power bidding process, Karpowership SA and more

Government’s strategy to address the country’s energy crisis — through its 20-year, multi-billion rand tender, has come under the microscope since energy minister Gwede Mantashe’s initial call for proposals in mid-2020. Allegations, as exposed by AmaBhungane, bring into question the true intent of those involved in the process. To know more about those allegations, dig into our archive of work on this controversial tender.

Powerships: Inside the Karadeniz money-spinning global empire

The powership conglomerate earns an astonishing amount from its specialist offering to frail and broken states. But many of its deals around the world have been criticised as exploitative and irrational. South Africa may become the biggest prize of all. And we have already helped fund the growth of this corporate empire.

Karpowership SA: How much again?

The South African contract Karpowership is chasing could be a game-changer for the group, making Eskom its largest client globally. What will we pay and how much will the Turkish conglomerate pocket? Dewald van Rensburg does the sums.

How Karpowership was torpedoed by substandard environmental studies

The R225-billion powerships deal may finally be sunk by the environment department’s refusal to authorise the Turkish-led consortium’s projects. It failed to deliver adequate environmental reports or listen to warnings from specialists, the department said.

Powership company trails corruption claims in its wake 

The Turkish company that won a controversial bid to plug the hole in Eskom’s electricity supply has been dogged by corruption accusations abroad.

Powerships: Officials confirm they met rival bidder, ‘minister’s associates’ at Kream

Last month, gas-to-power entrepreneur Aldworth Mbalati made explosive allegations of corruption in a court application. Now, two senior officials from the minerals and energy department have confirmed under oath that they met Mbalati and two alleged associates of Gwede Mantashe at an upmarket restaurant where they discussed a tender worth billions. But while Mbalati says he was pressured to engage in a corrupt scheme, the officials say they assured Mbalati that the tender would be clean.

Powerships: How the multi-billion-rand tender was (legally) rigged

The rules of government’s emergency power programme were questionable from the beginning. Then a series of dramatic changes and inexplicable decisions steered the multi-billion-rand tender towards a “predetermined” end. 

Powerships: How the tender kneecapped renewables and favoured gas

Hundreds of pages of “briefing notes” reveal that frustrated renewable bidders warned government that nonsensical rules of the emergency power programme would force bidders to burn fossil fuels and result in consumers paying more than they need to for electricity. 

Update: Here are the papers in Eskom’s multi-billion state capture summons

Eskom and the SIU have put together the biggest claim yet to recover moneys looted during the state capture era. 

Eskom demands PwC pay back R95-million in consulting fees

Last year a confidential investigation delivered a damning assessment of PwC’s consulting work at Eskom, describing the fee structure as “patently unlawful and stupendously egregious”. Now Eskom has issued PwC with a R95-million letter of demand. It wants the firm to pay back fees for a consulting deal that bore all the signs of state capture.

Deloitte agrees to #PayBackTheMoney to Eskom

A member of the Big Four backs down in its court battle with Eskom over “ill-gotten” consulting fees, and agrees to R150-million settlement.

The dirt on Deloitte’s consulting deals at Eskom, Part 2

In Part 1 we explained how Deloitte received R207-million worth of consulting work from Eskom through a process that chairman Jabu Mabuza described as difficult to conceive of anything “less fair, equitable, transparent or competitive”. That senior Eskom employees bent and broke the rules for Deloitte now seems obvious. The only question is why?

The dirt on Deloitte’s consulting deals at Eskom, Part 1

Deloitte, one of the “Big Four” accounting multinationals, took exception when South Africa’s electricity utility accused it of  “pure corruption” and demanded repayment of R207-million in consulting fees from the state capture era. It proclaimed its innocence and said Eskom had tried to bully it into a settlement. Now a deep dive by amaBhungane suggests it is Deloitte’s competitors and the taxpayers who should feel aggrieved.