The Central Energy Fund Group of Companies To be a leading integrated energy company that provides sustainable energy security for South Africa Africa Oil & Power Conference September 2018
Who Are We ? The CEF Group of Companies (CEF) is a state owned company Create significant impact on South Africa’s energy landscape ……. of grow energy security optimise national dependency on imported energy promote cleaner energy governed by the Central Energy Fund Act of 1977 conducting its ........ in a financially sustainable way business through its subsidiaries having a robust commercially viable portfolio with minimal dependency on public funding ……..while transforming the local energy sector by catalysing and increasing ownership transformation and new BEE opportunities Equalisat ion Fund (EQF) …….. and in a socially responsible way generating socio-economic benefits in employment, community that which represents an energy security of supply value chain comprising exploration and production, coal and gas supply, liquid development, etc.. fuels processing, a renewable division and liquids fuels storage/infrastructure. Page 2
What is the South Africa Energy Legal Framework ? Key Acts Energy Sector Planning • Public Finance Management Act (PFMA), • Integrated Resource Plan for Energy, 1999 and regulations, including public 2010 private partnership (PPP) regulations • National Development Plan of 2011 • Companies Act, 2008 • National Environmental Management • Petroleum Products Act, 1977 Act • Petroleum Pipelines Act, 2003 • Operation Phakisa • Gas Act, 2001 • Hazardous Substances Act 15 of 1973 • Electricity Act, 1987 • Petroleum Pipelines Levies Act, 2003 • CEF Act, 1977 • Mineral and Petro leum Resources Development Act, 2002 • National Energy Act, 2008 • Promotion of Access to Information Act 2 of 2002 • Protection of Personal Information Act, 2013 • Broad-Based Black Economic Empowerment Act No.53 of 2003 • National Energy Regulator Act 40 of 2005 • Income Tax 58 of 1962 • Prevention and Combating of Corrupt Activities Act No. 12 of 2004 • Occupational Health and Safety Act No. 85 of 1993 Page 3
What are the South Africa Energy Sectors? Exploration Refining Natural Gas Upstream Liquids Monetisation • Exploratory drilling for • Agree on mechanism • Promote LNG investments coal and shale gas for refinery upgrades • LNG infrastructure to • Develop West-Coast • Decision made on power CCGT Gas Monetisation off-shore gas importing petroleum • Growing gas share of National • Understand shale products vs. new power production Development Coal Monetisation reserves refinery Plan key pillars: Infrastructure Development Clean energy Policy Renewables • Significant growth in • Lower carbon intensity • Improve energy related Renewable Energy RES capacity • Vehicle carbon tax policy and planning • Encourage use of hybrid or EV & public Utility Generation transport • Promotion of cleaner Regulation coal technologies Page 4
What is the South Africa Energy Criteria ? Exploration Liquids Monetisation Gas Monetisation Coal Monetisation Infrastructure Development Renewable Energy Utility Generation Regulation Page 5
What is the South Africa Energy Value Proposition ? Energy Value Proposition = f (Developmental) & f (Commercial) To be catalysts for energy value creation that creates significant impact on South Africa’s energy landscape in a developmental and commercially sustainable way while transforming the local energy sector in a socially responsible way Through Energy Transformation – black energy ownership with diverse product energy solutions Operational Excellence – best in class socio-economic growth Innovation – proactive state-of-the art Strategic Partnerships – G2G, Funders, EPC, …… Whilst ensuring transformation in the South African energy sector, upskilling of our South African energy human capital, increasing our South African energy employment opportunities, and ensuring energy for the People of South Africa. Page 6
Thank You Page 7
Recommend
More recommend
