South Africa has extended a deadline for companies to reach financial close for projects aimed at ending load shedding.
Browsing: Energy and sustainability
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.
Johannesburg has joined Cape Town in opposing plans by Eskom to raise electricity costs by more than three times the current inflation rate.