The Central Energy Fund Group of Companies

Transcription

1 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

2 Who Are We? The CEF Group of Companies (CEF) is a state owned company of Create significant impact on South Africa s energy landscape. grow energy security optimise national dependency on imported energy promote cleaner energy governed by the Central Energy Fund Act of 1977 conducting its business through its subsidiaries... in a financially sustainable way 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 Equalisat ion Fund (EQF) that which represents an energy security of supply value chain comprising exploration and production, coal and gas supply, liquid fuels processing, a renewable division and liquids fuels storage/infrastructure. BEE opportunities.. and in a socially responsible way generating socio-economic benefits in employment, community development, etc.. Page 2

3 What is the South Africa Energy Legal Framework? Key Acts Public Finance Management Act (PFMA), 1999 and regulations, including public private partnership (PPP) regulations Companies Act, 2008 Petroleum Products Act, 1977 Petroleum Pipelines Act, 2003 Gas Act, 2001 Electricity Act, 1987 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 Energy Sector Planning Integrated Resource Plan for Energy, 2010 National Development Plan of 2011 National Environmental Management Act Operation Phakisa Hazardous Substances Act 15 of 1973 Petroleum Pipelines Levies Act, 2003 Page 3

4 What are the South Africa Energy Sectors? Exploration Liquids Monetisation Gas Monetisation Coal Monetisation Infrastructure Development Renewable Energy Utility Generation Regulation National Development Plan key pillars: Upstream Refining Natural Gas Exploratory drilling for coal and shale gas Develop West-Coast off-shore gas Understand shale reserves Significant growth in RES capacity Agree on mechanism for refinery upgrades Decision made on importing petroleum products vs. new refinery Renewables Clean energy Policy Lower carbon intensity Vehicle carbon tax Encourage use of hybrid or EV & public transport Promotion of cleaner coal technologies Promote LNG investments LNG infrastructure to power CCGT Growing gas share of power production Improve energy related policy and planning Page 4

5 What is the South Africa Energy Criteria? Exploration Liquids Monetisation Gas Monetisation Coal Monetisation Infrastructure Development Renewable Energy Utility Generation Regulation Page 5

6 What is the South Africa Energy Value Proposition? To Energy Value Proposition = f (Developmental) & f (Commercial) 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

7 Page 7 Thank You