Eskom secures R15bn DBSA loan

first_img4 November 2010 Baloyi added that the municipal sector currently constitutes 50% of the DBSA’s loan book. “Electricity is a major component of municipal revenue, and it is only logical for the Bank to contribute to the funding of projects that will help to ensure a secure supply of energy for South Africa,” he said. After a thorough environmental analysis, the bank’s environmental appraisal report concluded that fossil fuels would remain dominant in South Africa’s energy mix for some time, but technologies to reduce greenhouse gas emissions are being developed globally and Eskom’s projects will use some of these technologies to reduce emissions. “Building a sustainable and secure energy supply is one of many priority areas that the DBSA will aggressively pursue to complement the government development agenda to address key development and socio- economic issues faced by the country,” Baloyi said. State power utility Eskom has secured a R15-billion loan from the Development Bank of Southern Africa (DBSA) to fund its capital expansion programme. The loan, which is a structured facility that will be drawn over five years, does not utilise guarantees from the South African government. Reducing environmental impact The projects include the Medupi and Kusile coal-fired power stations as well as the Ingula Pump Storage scheme and associated transmission infrastructure. Like any other transaction, the Eskom loan was subjected to the DBSA’s environmental appraisal guidelines, which found that Eskom has the institutional capacity to address current and future climate change related risks. Securing future energy supply Eskom’s capacity expansion programme is expected to have large spin-off effects, creating 40 000 new jobs, stimulating the creation of new industries and new suppliers, and adding almost 1% a year to the economic growth rate.center_img It will also have a significant impact on the economies and communities of the towns in which the new power stations are located. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material Eskom’s capacity expansion projects will add 12 300 megawatts of additional generating and transmission capacity to South Africa’s national grid by 2017, enabling it to keep up with growing demand. Supporting growth and development Eskom CEO Brian Dames welcomed the recognition by the DBSA of the critical role that Eskom and its capacity expansion programme have to play in supporting South Africa’s growth and development. “Our new build programme is essential to provide the security of supply that South Africa needs if it is to grow its economy and improve the quality of life for all of its people,” Dames said. “The loan is a vote of confidence by the DBSA in Eskom. “It will help us to provide South Africa with the power stations and transmission infrastructure it needs while ensuring that Eskom remains financially sustainable.” Speaking at the media briefing in Johannesburg this week, DBSA chief executive Paul Baloyi said: “This deal signifies a major step change aimed at ensuring that South Africa’s long term electricity supply meets demand to ensure the economy can thrive.”last_img read more

Arellano survives stern test, turns back Perpetual

first_imgMOST READ SEA Games: PH still winless in netball after loss to Thais Jordan delivers on promise: 2 Cobra choppers now in PH Ceres silences Roar Don’t miss out on the latest news and information. Arellano University survived its toughest test yet, climbing back from two sets down to beat University of Perpetual Help, 22-25, 19-25, 25-21, 25-20, 15-5, in the NCAA Season 93 women’s volleyball tournament Tuesday at Filoil Flying V Centre in San Juan.The Lady Chiefs leaned on their trio of Jovielyn Prado, Andrea Marzan and Regine Arocha, who combined for 50 points.ADVERTISEMENT Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims BeautyMNL open its first mall pop-up packed with freebies, discounts, and other exclusives ‘We cannot afford to fail’ as SEA Games host – Duterte 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 Maria Tripoli had 20 points while Cindy Imbo added 19 for the Lady Altas, whose lead over fourth-running San Sebastian in the standings is now just half a game after falling to 4-2.Joyce Sta. Rita set a career-high to lead San Sebastian past Mapua, 25-20, 25-7, 29-31, 25-14, in the other match.Sports Related Videospowered by AdSparcRead Next LATEST STORIES “We played so bad in the first two sets so I made adjustments beginning the third set and things started to click,” said Arellano head coach Obet Javier in Filipino after steering his squad to its 18th consecutive win dating back to last season.Prado scored 20 points with four blocks while Marzan and Arocha scored 16 and 14 points, respectively.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingSPORTSPrivate companies step in to help SEA Games hosting“I just told them to play with heart,” Prado said in Filipino. “The games become more important as the season goes so we have to treat every game like there’s no tomorrow.”After a tough first four sets, defending champion Arellano showed its composure and raced to a 10-1 start in the deciding fifth set. View comments Hotel says PH coach apologized for ‘kikiam for breakfast’ claimlast_img read more

Urban Meyer Says “Everything Is Fine” And There’s “No Issue” With Braxton Miller’s Instagram Photo

first_imgBraxton Miller promotes Advocare products.Last week, Ohio State senior quarterback Braxton Miller posted a photo on Instagram that was believed by some to possibly be an NCAA violation. Miller, a rep for Authentik Fitness, promoted the nutritional products in the photo and listed his email as a point of contact for potential buyers. Under NCAA bylaws, student-athletes are not allowed to use their likeness to help companies profit. According to Urban Meyer, though, “everything is fine” and there is “no issue.” Urban Meyer answers @CantonRepdotcom ? About Braxton Miller NCAA endorsement issue “everything is fine. No issue.”— toddporter (@toddporter) March 30, 2015That’s, obviously, good news for Ohio State fans. The Buckeyes open their 2015 season Sept. 7 against Virginia Tech. Will Miller be the man behind center?last_img read more

SuperPark Society to make special announcement at carnival on Saturday

first_imgFORT ST. JOHN, B.C. — The North Peace SuperPark Society will be making a big announcement at a family-friendly carnival event that is open to the public this weekend.SuperPark Society president Jaandi Roemer said that the carnival is going to be held on Saturday, June 16th. The carnival will feature animals and pony rides courtesy of a donation by Heartbreak Acres. The carnival will also feature a number of other kid-friendly games and activities, as well as a barbecue.Roemer said that the Society will also be selling legacy tiles for $20 that will feature the handprint of every donor to the Society’s planned indoor inclusive playground. Roemer also said that the Society will be making a special announcement at 12:00 p.m. at the carnival. The carnival is taking place at 8162 100th Ave. from 11:00 a.m. to 4:00 p.m. on June 16th. Admission is $5.00, while kids under one and adults get in free.For more information, contact Roemer via email at npsuperpark@gmail.com, or reach the SuperPark Society via their Facebook page: https://www.facebook.com/npsuperpark/.last_img read more

Regional District to begin cracking down on landslide evacuation order violations

first_img(b) interferes with or obstructs any person in the exercise of any power or the performance of any duty conferred or imposed under this Act.(2) A person who commits an offence under subsection (1) is liable to imprisonment for a term of not more than one year or to a fine of not more than $10,000 or to both imprisonment and fine.It is strongly recommended that any residents who have not left the Evacuation Order area leave for their own safety.  If you wish to leave the PRRD will make arrangements to pick you up.  Call 250 784-3200 24 hrs a day.”Earlier this afternoon, the PRRD issued it’s sixth evacuation order since the landslide first began on September 30th. FORT ST, JOHN, B.C. – The Peace River Regional District says that it will begin cracking down on anyone that violates the evacuation orders that have been issued for areas around the community of Old Fort.In an update late this afternoon, the PRRD said that additional cracking and movement on the slide has resulted in the Peace River Regional District Board issuing the following statement:“An Evacuation Order for the Old Fort Landslide was issued on October 7, 2018 and expanded on October 11, 2018.  Pursuant to the Evacuation Order and the powers available under the Emergency Program Act to control or prohibit movement during a state of local emergency, THE PEACE RIVER REGIONAL DISTRICT WILL NOT TOLERATE ENTRY INTO THE EVACUATION ORDER AREA EFFECTIVE OCTOBER 12, 2018 AT 6:00 AM.EMERGENCY PROGRAM ACTPart 3 — Emergencies, Disasters and Declared EmergenciesSection 27(1) A person commits an offence who(a) contravenes this Act or the regulations, orlast_img read more

Holmes signs autographs at Ohio Union

A Super Bowl MVP and former Buckeye football star met students for an autograph session on campus.Santonio Holmes, the former Ohio State wide receiver, signed autographs at the Ohio Union for students and fans Tuesday night.Holmes, the Super Bowl XLIII MVP, spent two hours signing autographs for his fans in the Archie Griffin Ballroom.Jessica Kachovec, a first-year from Cincinnati, attended one game every year growing up and remembers seeing Holmes play in the Horseshoe.“He’s an amazing player,” Kachovec said. “The only reason I watch Pittsburgh is because he plays for them.”Holmes, who played for the Buckeyes from 2002 to 2005, now plays wide receiver for the Pittsburgh Steelers.“He was the man,” said Scott Diamond, a third-year from Cleveland, about Holmes’ days as a Buckeye. “He’s definitely one of the best NFL players Ohio State has ever produced.”Sean Sirianni, a fourth-year and Pittsburgh native who was excited when the Steelers drafted Holmes, was looking forward to meeting him because of the OSU-Pittsburgh connection they share.Holmes was recently accused of throwing a glass of liquor at a woman in a nightclub in Orlando, Fla. that caused a laceration.Despite the incident, he was welcomed with great support at the OSU event.“I really hope it all turns out OK,” Diamond said. “I hope he plays well and people hopefully forget the off-field issues when he’s done playing.” read more

Refugee explains how football saved him from war

first_img20-year-old Gerald Mballe played at the Special Olympics World Games Abu Dhabi 2019 after fleeing Cameroon.War-torn Cameroon is sadly not the best place to live right now.Many have flown the African country, trying to look for a better place to live.And for 20-year-old Gerald Mballe, football was the best chance to get rescued and to continue playing what he loves the most.“I encountered so many difficulties when I arrived in Italy,” the 20-year-old told FIFA.com“Everything was just so new for me. They spoke a different language. There was still discrimination. I felt different. I felt barriers everywhere.”Quiz: How deep is your knowledge about Samuel Eto’o? Tomás Pavel Ibarra Meda – September 9, 2019 It’s time for you to tell us everything you know about Samuel Eto’o. We will ask you 10 questions about the Cameroon legend. Enjoy!  “Football played a big part in helping me integrate me into society. Football is a universal language. You don’t need to speak the same language to play together. I would play in the parks and then Luigi [Petrillo], my mentor, invited to help coach a team of people with intellectual disabilities,” he added.“I received such a warm reception from them. I felt people accept me without looking at my skin color, my eyes. It was so real, so pure. I regained self-confidence, self-identity. I felt part of a group. I felt that people were listening to me.”“Because I’m not a professional coach, I used my own soccer skills to teach people. And I tried to give them responsibility and encourage them, telling them, ‘You can do it’. I told them that if we’re passing each other the ball, then we’re a team, and as a team, we can do anything,” he explained.“When I heard I was going to the Special Olympics World Games, I was extremely happy, so excited. I had previously been denied the chance to go to a tournament in the USA because I had been a refugee and couldn’t get a visa.”“I must say a big thanks to the Special Olympics because they made the impossible, possible. They’re fighting for inclusion, for integration. They said, ‘If someone wants to integrate themselves into society, why does there have to be so many difficulties for him to get a visa?’ And they made it possible,” he concluded.last_img read more

JCF Hailed For Role in Tackling Human Trafficking

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppJamaica, June 8, 2017 – Kingston – Jamaica’s Permanent Secretary in the Ministry of Justice, Carol Palmer, has hailed the dedicated work of members of the Jamaica Constabulary Force (JCF), in tackling human trafficking in Jamaica.Mrs. Palmer, who is also Chair of the National Task Force Against Trafficking in Persons (NATFATIP), said members of the JCF Anti-Trafficking in Persons Unit have displayed a willingness to go above and beyond “in service to our fellow men”, as the country tackles the heinous crime.“I applaud their work. I am so taken with the level of devotion that they display all the time,” she said.Mrs. Palmer was addressing a ceremony to hand over a bus to the Unit at the Ministry’s offices at 61 Constant Spring Road in St. Andrew on June 1. Donation of the 16-seater Toyota bus, valued at approximately $6 million, is intended to aid the Unit in transporting victims of trafficking to shelters.She noted that the Task Force is, in the meantime, working to set up an additional shelter for victims.“I am very happy to make this contribution to the Anti-TIP Unit, but so sad that it has come to this, that persons enslave each other for their own gain,” Mrs. Palmer said.The NATFATIP Chair, meanwhile, noted that Cabinet has given approval for a Bill to amend the Trafficking in Persons (Prevention, Suppression and Punishment) Act, to have a judge alone try human-trafficking offences.The 2016 Global Slavery Index estimated that in 2015, some 5,800 persons were trafficked in Jamaica.#magneticmedianews#jcftackleshumantrafficking Related Items:#jcftackleshumantrafficking, #magneticmedianewslast_img read more

Sarri wants midfielder Ruben LoftusCheek to improve defense

first_imgFollowing Chelsea midfielder Ruben Loftus-Cheek who utilized a rare start and scored a hat-trick against BATE Borisov on Thursday, Chelsea boss Maurizio Sarri believes the midfielder must improve in defense even though he had impressed.Loftus-Cheek scored twice and inspired Chelsea to a 3-1 Europa League win at Stamford Bridge. He opened with a goal in the eight minutes before completing a surprise treble in the second half.“He played very well,” Sarri said via Sky Sports.“I think in the beginning of the season, I thought he was really a very good player. Now I think the same, but maybe he has also adapted to my football.“He is improving. He needs to improve defensively, but not only Loftus. At this moment we have four midfielders for two positions. Three of them with the same characteristics. Only [N’Golo] Kante is a defensive midfielder. It’s very difficult for me to put in the starting XI two so offensive midfielders at the same time.Maurizio Sarri, JuventusMaurizio Sarri satisfied despite Juventus’ draw at Fiorentina Andrew Smyth – September 14, 2019 Maurizio Sarri was satisfied with Juventus’ performance on Saturday afternoon after finishing a tough game at Fiorentina 0-0.“I hope to be able to do it in the future. But I need the co-operation of the players, and for them to work on their defensive phase.”When Sarri was asked about his midfield troules, he replied:“I like very much this kind of problem.”“I have a little problem. I have to put only 11 players in the starting XI, and I have 28 players. I have this problem and I don’t know how to solve it. I can ask to play with 15, 16.”“I have a tactical problem with the midfielders. We need to work and they have to improve in the defensive phase.”last_img read more

Soon after Ajay Devgns father passed away Kajols mother Tanuja hospitalised

first_imgKajol and Tanisha with mother Tanuja at 59th Idea Filmfare AwardsVarinder ChawlaRight after Ajay Devgn’s father passed away on Monday, his wife Kajol’s mother Tanuja got hospitalised.According to a source close to Ajay, Tanuja has been admitted to Lilavati Hospital at Bandra. The exact reason behind her ill health is not clear yet. Kajol was spotted on Tuesday night visiting the hospital.It appears to be a tough time for Ajay and Kajol. The superstar recently lost his father Veeru Devgn, who was not keeping well for quite some time. His funeral was held on Monday evening.While exact condition of Kajol’s mother is still not known, we wish her speedy recovery.On the work front, Ajay recently featured in romantic comedy De De Pyaar De that also has Rakul Preet Singh and Tabu. The film received positive response from viewers, and has been running successfully in theatres.last_img read more