Those units in Eskom’s coal fleet that do work are being utilised at a rate of more than 90% versus an international benchmark of 70% – and that concerns lenders, an energy expert has said.
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Eskom will implement rotational power cuts from 9pm on Saturday due to “generation capacity constraints”.
The environment department has turned down an application to moor a floating, gas-fired power plant in the port of Richards Bay on the KwaZulu-Natal north coast.
Eskom sees an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, its CEO said.
South Africa will soon agree on a comprehensive, unified approach to turning around Eskom, according to the public enterprises minister.
The price of petrol is going up again – and this time it’s pushing the retail cost of the fuel above R20/l for the first time in South Africa’s history.
President Cyril Ramaphosa said things are improving at Eskom and that government is aware of the importance of reliable and stable electricity supply.
South Africa’s deepening energy crisis looks set to persist for at least two more years, with operational problems at Eskom showing no signs of abating.
South African mines may spend as much as R60-billion on renewable power projects that could help plug the country’s electricity supply shortage.
“Wheeling” – moving privately generated power to customers across the national grid – is gaining traction in South Africa’s increasingly liberalised energy market.