Eskom will implement the first load shedding of 2022 from today, 2 February. The rotational power cuts will begin at 11am and continue until 5am on Monday.
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South Africa has extended a deadline for companies to reach financial close for projects aimed at ending load shedding.
A key obstacle to an emergency programme to supply 2GW of power to South Africa’s grid has been removed.
While struggling to scrape money together for maintenance work, Eskom is having to fork out big money to fight theft and vandalism.
It will cost R2.5-billion to fix the Eskom generating unit that exploded at the Medupi power station last August.
Sun Exchange, a South African firm that crowd-sources funds for solar panels and leases them to customers, plans to expand to other countries on the continent.
Consumers who generate their own electricity, relying on Eskom when the sun goes down, may see a drastic increase in Eskom charges.
South Africa must embark on a “just energy transition” to stimulate greater investment as a way to to overcome electricity shortages, said President Cyril Ramaphosa.
A group representing the biggest electricity consumers in South Africa have appealed for more predictable power price increases.
Comparisons presented by Eskom to show that its tariffs are low compared to those in many other countries were met with scepticism on Thursday.