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Energy
PetroSA R14.5 bn impairment: decision on whether to close meeting
15 Nov 2016
The Committee held a closed meeting with the senior parliamentary legal advisor to receive guidance on when it is appropriate to close a meeting. This was for the Committee to decide whether to close that day's meeting with PetroSA to discuss the forensic audit report on the R14.5bn impairment. As ...
Energy
Central Energy Fund (CEF) on its Annual Report for 2015/16
8 Nov 2016
Annual Reports 2015/16
The CEF reported that CEF Group had an asset value of R35 billion and currently employed about 2 100 people. Major achievements for the group included an unqualified audit opinion by the Auditor-General. The group of companies had a R16.2 billion cash balance and reported that it ...
Energy
PetroSA R14.5 billion impairment forensic report: Department of Energy & PetroSA Board briefing
1 Nov 2016
The Energy Portfolio Committee met to receive a briefing on the forensic investigation of PetroSA with regard to the R14.5 billion impairment of its assets. However, PetroSA indicated that the report contained confidential information that could not be provided to the public, and it therefore could not provide the full ...
Energy
NECSA on its 2014/15 & 2015/16 Annual Reports, with Minister
25 Oct 2016
The South African Nuclear Energy Corporation (NECSA) received unqualified audit opinions for both 2014/15 and 2015/16. The results for both financial years were only finalised in September 2016. The delay was due to differing opinions on liability with regards to how to finance and account for money ...
Energy
PetroSA’s R14.5 Billion Impairment: meeting postponed
18 Oct 2016
During the deliberations the Committee understood that;
-it was evident that the Department of Energy (DoE) was not yet ready with the outcome of PetroSA’s Impairment report and expressed displeasure over the lateness of the forensic report.
-The forensic report needed to ascertain whether the intervention through the turnaround strategies ...
Energy
Department of Energy on its 2015/16 Annual Report with Auditor-General & DPME input
12 Oct 2016
The Auditor General of South Africa (AGSA) reported that the portfolio received good outcomes although there were numerous areas that needed improvement. Department of Energy (DoE), the National Energy Regulator of South Africa (NERSA) and the National Nuclear Regulator (NNR) received clean audits. The National Radioactive Waste Disposal Institute (NRWDI) ...
Energy
Nuclear New Build: briefing by Minister and Department of Energy
11 Oct 2016
The meeting intended to have three presentations. Due to time constraints, only the first presentation by the Department of Energy (DOE) was heard.
The DOE briefing looked at the historic background and gave an update on plans for the nuclear new build programme. It explain the following recommendations that the ...
Energy
DA request for nuclear documents; Integrated Energy Plan: Departmental briefing
20 Sep 2016
The DA firstly wanted the Committee to deal with the issue of documents related to nuclear procurement. The party had sought legal advice from the Parliamentary Legal Advisers, who advised that the Minister of Energy, Ms Joemat-Pettersson, had no right to refuse to provide the documents related to the nuclear ...
Energy
Department of Energy on its 4th Quarter 2015/16 & 1st Quarter 2016/17 performance, with Minister & Deputy in attendance
30 Aug 2016
The energy sector was deemed to be an essential service under the Constitution of South Africa. This brought to light the importance of the performance of the Department of Energy (DoE). While the DoE presented a pleasing report on the surface, Members of the Committee were quick to express strong ...
Energy
Independent Power Producers Programme: status report by Department of Energy
23 Aug 2016
The Department of Energy presented a report on the South African Independent Power Producers (IPP) Procurement Programme, looking not only at renewable energy but all types of energy.
Renewable energy has been on a decreasing price path, by as much as 75% for solar, reflecting competitive prices. The onshore wind ...