Bloomberg South Africa’s plan to add an estimated $6.5 billion worth of private power generation has been further delayed as the nation continues to suffer from intermittent power outages. The signing of power purchase agreements by preferred bidders for the 2,000 megawatt risk mitigation, or emergency power, program was postponed due to “outstanding matters and conditions” with state-owned electricity ...

Bloomberg China’s biggest oil company posted its best profit since 2014 as it benefited from rising energy prices. PetroChina Co’s net income rose to 92 billion yuan ($14.5 billion) in 2021, more than quadrupling the level from the previous year, according to its annual earnings release. Oil and gas production rose 3.4%, while the refining business recovered from a loss ...

  It’s not especially fun for a plane lessor to tell shareholders that more than 100 aircraft formerly on lease to Russian airlines may be gone for good, especially when the aerospace industry is only just recovering from a global pandemic. Still, AerCap NV did a decent job explaining why its remaining $2.5 billion exposure to Russia shouldn’t cause investors ...