Latest news with #DEE
Business Upturn
2 days ago
- Business
- Business Upturn
DEE Development shares jump 14% as Q1 revenue rises 21% YoY to Rs 223.76 crore, net profit up 310% YoY
DEE Development Engineers Limited caught the market's attention with a sharp 14% jump in its share price following the announcement of its unaudited consolidated financial results for Q1 FY26 ended June 30, 2025. The company posted revenue from operations of Rs 223.76 crore, a solid 21% rise compared to Rs 184.97 crore in the same quarter last year. Total income climbed in step, reaching Rs 227.85 crore — up 21% — thanks to both core business growth and a notable 28% jump in other income. While total expenses did go up by around 15% year-on-year, hitting Rs 212.07 crore, this was driven mainly by increased material costs and a 40% boost in employee expenses as DEE gears up for expansion. Still, the company kept depreciation and finance costs under control, showing smart cost management. What really stands out is the leap in profitability. Profit before tax surged a whopping 259%, climbing to Rs 15.78 crore from Rs 4.39 crore a year ago. After taxes, net profit skyrocketed over 310% to Rs 13.14 crore, signaling strong operational efficiency and healthy growth in the bottom line. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
IOL News
24-07-2025
- Business
- IOL News
More than 7 000 buildings registered for energy performing certificates
Deputy Minister of Electricity and Energy, Samantha Graham-Maré, announced that as of 21 July 2025, more than 7,000 public and private buildings have registered for an Energy Performance Certificate (EPC). This is in anticipation of the deadline of December 7. The EPC is part of the Department of Electricity and Energy's (DEE) and South African Energy Development Institute's (Sanedi) priority to drive energy efficiency in South Africa. Acknowledging the environmental challenges posed by differing climate policies globally, the Commission is keen to ensure that substantial carbon emissions do not simply shift from the European Union (EU) to nations with less stringent regulations. Since its launch in December 2020 until July 21, 7,113 buildings have registered, and 3,884 EPCs have been issued. Of these, Gauteng leads with 1,689, followed by the Western Cape with 1,565. The Northern Cape has the fewest, with only 11 EPCs issued. Buildings registered and issued EPCs in other provinces are: - Kwa-Zulu Natal 305 - Eastern Cape 111 - Mpumalanga 64 - Free State 55 - Limpopo 47 - North West 37 Under the Regulation, Mandatory Display and Submission of Energy Performance Certificates, in the National Energy Act, 1998 (Act no. 34 of 2008), all state-owned buildings that are 1000m2 and owners of commercial buildings of 2000m2 that fall under the occupancy classifications: A1 – Entertainment and public assembly; A2 – Theatrical and indoor sport; A3 – Places of instruction and G1 – Offices, are required to register their buildings and publicly display EPCs by 07 December 2025. The purpose of EPCs include: Indicates the energy performance of a building, Serve as regulatory tools/instruments targeting inefficient buildings, encouraging transformation towards energy-efficient buildings, Are indicators for building owners to note and change their consumption patterns to benefit financially and comply with regulations, and In the long term, they promote the reduction of Greenhouse gas emissions through the implementation of energy efficiency interventions using reliable data from existing EPCs. Deputy Minister Graham-Maré said: 'With only five months left before registrations close, large building owners need to prioritise this. We aim to reach 60,000 registrations by the closing date. I am working with the Minister of Public Works and Infrastructure, Dean Mcpherson, and will also be working with Premiers and Mayors to ensure that this issue gets immediate attention. There is an opportunity for all South Africans to play a vital role in reducing carbon emissions and benefit from the programme. 'I urge all building owners, both public and private, to adopt and implement alternative and energy-saving methods. We need to be creative and innovative so that we save on energy. Some practical ways to do this include installing LED bulbs and smart geysers, fitting solar panels, and turning off appliances when they are not in use. I encourage anyone to engage my department about the programme and how they can implement this initiative,' concluded Deputy Minister Graham-Maré.
IOL News
08-06-2025
- Business
- IOL News
South Africa's Independent Transmission Projects Programme: Key progress and future plans
Wind turbines lined up at Rietkloof Wind Farm. According to the Integrated Resource Plan (IRP 2019) and Eskom's Transmission Development Plan (TDP 2024–2033), over 14 000 km of new transmission lines are required within the next decade to accommodate an additional 53 GW of generation capacity. South Africa's Department of Electricity and Energy (DEE) and National Treasury have announced significant strides in the Independent Transmission Projects (ITP) Programme, a public-private partnership aimed at revolutionising the nation's transmission infrastructure. The initiative seeks to unlock billions in investment, accelerate economic growth, and support the country's energy transition by modernizing its overstretched power grid. According to the Integrated Resource Plan (IRP 2019) and Eskom's Transmission Development Plan (TDP 2024–2033), over 14 000 km of new transmission lines are required within the next decade to accommodate an additional 53 GW of generation capacity. With the current grid expansion lagging at an inadequate pace, the government aims to construct at least 1 400 km of lines annually to ensure energy security and economic stability. "Government is acting deliberately, and decisively to partner with the private sector to assist the National Transmission Company of South Africa (NTCSA) to accelerate the rollout of the transmission infrastructure to enable economic growth and the addition of the renewable energy capacity," DEE and Treasury said in a statement on Friday. They said the government has made notable progress since the programme's inception. A global market sounding exercise conducted between December 2024 and February 2025 garnered over 130 responses from local and international developers, financiers, and manufacturers. Key findings highlighted strong interest in partnerships, with 44% of local respondents planning collaborations with global entities. Stakeholders agreed there was a need for a stable regulatory environment and a predictable project pipeline to ensure investment and supply chain readiness. "Risks identified included permitting, Right of Way, and supply chain constraints, which will be proactively mitigated through upfront government measures, drawing on global best practice," they said. On March 28, 2025, a landmark Ministerial Determination was gazetted, designating the DEE as the procurer and the NTCSA as the buyer under Transmission Services Agreements (TSAs). The determination outlined a 1 164 km project scope of 400kV transmission lines across the Northern Cape, North-West, and Gauteng, with procurement adhering to fair and competitive tendering processes. Further advancing the programme, draft Electricity Transmission Regulations were gazetted for public comment on April 3, 2025. These regulations establish transparent cost recovery mechanisms, defined regulatory approval processes, and enforceable project implementation frameworks to ensure the programme's bankability. Following the close of public consultations on May 22, 2025, the DEE is finalising the regulations for promulgation, DEE and Treasury said. Structured Procurement Timeline The Independent Power Producer (IPP) Office, leveraging its proven expertise in energy procurement, will oversee the ITP's Phase 1 tender process. A pre-qualification tender (Request for Qualification) is set for July to shortlist capable bidders, followed by a Request for Proposals by November. "These timelines provide developers with sufficient lead time for due diligence and consortium formation, ensuring a robust and credible procurement process," they said. Innovative Financing Solutions To bridge South Africa's infrastructure funding gap, the government, in collaboration with the World Bank, is developing a Credit Guarantee Vehicle (CGV). Operating as a licensed non-life insurance company, the CGV aims to mobilize private capital and support the Just Energy Transition Partnership (JETP) decarbonisation goals. "A draft Information Memorandum (formal offer via private placement of shares in the CGV) which provide granular details on how the CGV 4 of 4 will operate has been developed and will be shared with our development partners. Following the sharing of the Information Memorandum, the team will in July 2025 engage in one-on-one discussion with the identified development partners who expressed interest in participating in phase one of the CGV. It is envisaged that the CGV will become operational in 2026," the statement said. Looking ahead, the government reaffirms that a programmatic, multi-phase ITP rollout will follow the Phase 1 tender, ensuring a clear pipeline of future bid windows to: • Stimulate industrialisation, support local manufacturing, and build domestic technical capability. • Enable continuous improvement in procurement design and risk allocation. • Foster market depth, investor confidence, and price discovery. BUSINESS REPORT
New Indian Express
01-06-2025
- General
- New Indian Express
DEE urged to merge Perur, Thondamuthur educational blocks
"Except for 10 aided schools, 36 panchayat union schools were recently converted into corporation schools, leaving only four schools under the administration of the DEE. While the aided schools maintain the Service Registers (SR) of teaching and non-teaching staff, the SRs for teaching and non-teaching staff at union schools are maintained by the office of the Block Educational Officer in Perur block," she said. Consequently, the Block Educational Officer (BEO) for Perur block will henceforth inspect only the four schools regarding administrative works, she added. Another teacher told TNIE that a proposal to merge this block with the one nearby had already been done but officers had not yet been implemented. A top educational officer in the primary section told TNIE that they were awaiting approval from the DEE to merge the block.
Daily Maverick
23-04-2025
- Business
- Daily Maverick
Department seeks to ‘reset the role and place of nuclear', boosts SA regulation budget
The Department of Electricity and Energy is laying the groundwork for a future with a lot more activity in South Africa's nuclear sector, according to its most recent strategic plan. Languishing in the wake of the controversial 2015 Russian nuclear deal, South Africa's nuclear sector prospects have largely remained inert. That is all set to change according to the newly formed Department of Electricity and Energy's (DEE) most recent strategy that seeks to conclusively revitalise an increasingly energised sector. Not everyone is convinced or on board, however. Presenting the strategy to Parliament's Portfolio Committee on Electricity and Energy on Wednesday, 23 April, DEE acting Director-General Subesh Pillay explained that one of the Department's strategic priorities is to 'reset the role and place of nuclear'. In November 2024, Minister of Energy and Electricity Dr Kgosientsho Ramokgopa stressed that nuclear energy would be a crucial part of South Africa's energy mix in the future and that activity was under way to re-energise the country's nuclear capacities. 'We think that we need to exploit our skills, exploit the accumulated knowledge with regard to nuclear technology over a period of time, and that's the case we're making to Cabinet,' he said at the time. The path to making that happen became a bit clearer on Wednesday when the DEE told MPs that it intended to spend at least 23% of its R20.7-billion budget over the Medium‐Term Expenditure Framework (MTEF) on 'Nuclear Energy Regulation and Management'. This amounts to roughly R1.543-billion for the 2025/2026 period, which is a 41% increase over the previous year. This would be for nuclear regulation and management, including oversight of existing facilities, nuclear safety and feasibility planning for future builds – not direct investment in nuclear power plants. Speaking to Daily Maverick in a committee meeting room on Wednesday, Pillay confirmed that this could be read as the department laying the groundwork for much more activity in the nuclear space. He qualified this by saying that a part of this large jump had to do with developments at the Nuclear Energy Corporation of South Africa (Necsa). Research generator 'There's a research reactor [ at Necsa, called Safari ] and it's reached end of life. It's got about 10 years left so they're moving to closing Safari down and simultaneously, we're now building the next iteration of research generator, and that's why you had this big jump, because National Treasury has allocated R1.2-billion for that build programme over three years.' This, he explained, formed the bulk of that jump in spending. But it was not the entire story. Pillay agreed that the department was also laying the groundwork for a future with more electricity generated by nuclear energy. 'It's essentially that because at two levels, you must build the capability to increase your nuclear stock. When you do that, you must build the capability to regulate, so there has to be a correlation between the growth of nuclear use and the ability to regulate the nuclear sector,' said the acting DG. Not everyone was pleased with the broad strokes outlined about the nuclear component in the department's strategy. DA MP Kevin Mileham asked, in reference to the outdated 2019 Integrated Resource Plan (IRP 2019), 'What analysis has been done about the scale and pace of nuclear procurements that South Africa can afford?' 'What analysis has been done on 'pace and scale' because I'm not seeing anything about that. I haven't seen feasibility studies. I haven't seen any demand profiles – nothing.' Mileham also pointed out that the strategy had assumptions that were based on some documents that don't yet exist. 'You talk about Nuclear Master Plan. You talk about Gas Master Plan. You talk about IRP 2025. Throughout this document, you're basing targets for this financial year on those three documents. But not one of those documents actually exists at this point.' 'They have not been approved by Cabinet; they have not been approved by the minister. So how are you determining a target that's based on a document that doesn't exist?' he asked, pointedly. ANC MP Fasiha Hassan also pointed out some gaps in the information. 'We need an update on the Nuclear Master Plan… We also need to see the progress on the nuclear new build – where are we with that?' Daily Maverick previously reported that at the end of 2023, Ramokgopa announced that all the 'suspensive conditions' to start procuring 2,500MW of new nuclear power 'immediately' had been met. However, in August 2024, he temporarily withdrew plans to procure new nuclear power, following a 'substantive' legal challenge by the Southern African Faith Communities' Environment Institute and Earthlife Africa Johannesburg. Feasibility report Lerato Makgae, Chief Director of Nuclear Policy at the department, provided an update and a response to members' questions. 'In terms of progress on the new nuclear build, as mentioned, we are working on the feasibility report for the nuclear build programme, which is encompassing a lot of information. Issues around the licensing, issues about skills development, looking at different technologies, whether it's large conventional plants that are being built in other countries, as well as SMRs (small modular reactors).' 'Right now, we noted that there are more than 80 designs of SMRs, which are in different stages of being commissioned. So we are monitoring that. The construction times would be in our feasibility report at the department, together with the nuclear entities and other government departments. Issues of 'pace and scale' would also be addressed in that feasibility report,' Makgae said. On the mooted Nuclear Master Plan, Makgae said the department was at an 'early phase of the development' and promised to report on it quarterly. Not everyone welcomed the news. One of the people who shed light on the opaque and allegedly corrupt Russian-South African nuclear deal pushed under the Zuma administration was Makoma Lekalakala. She is the director of Earthlife Africa JHB, an environmental justice activist anti-nuclear organisation and one of the organisations that forced Ramokgopa to pause the more recent plans for nuclear procurement. Also noting the language in the IRP 2019, committing the government to only pursuing nuclear energy 'on a scale and pace the country can afford', she asked, 'Is the country at an economic state to afford nuclear energy reactor construction?' 'We can't lock the country in any debt we cannot afford. Eskom's Medupi and Kusile costs have escalated more than threefold – the nuclear build might even be tenfold.' DM
