Eskom said on Friday that persistent rain on the Highveld in recent days – which is not predicted to stop until the middle of next week – has contributed to the latest load shedding crisis.
Browsing: Energy and sustainability
Eskom, South Africa’s biggest polluter, is struggling to curb its highest particulate emissions in two decades after its Kendal power plant was damaged during a strike.
The financial woes dogging South Africa’s behemoth state power utility show little sign of letting up even as the government grants it massive bailouts.
President Cyril Ramaphosa has reiterated that government’s attempts to reconfigure and split Eskom into three divisions is not aimed at privatising the embattled power utility.
Eskom said on Monday that it will switch off power in Bloemfontein and other towns in the Free State between 6am and 8pm daily until outstanding municipal arrears are settled.
Electricity generated from coal-fired plants is set to fall by a record 3% this year, raising chances for slowing global carbon dioxide emissions growth, according to a report released by Carbon Brief.
André de Ruyter, the next CEO of embattled Eskom, has experience trying to turn around struggling companies.
Bond investors aren’t showing much faith in Eskom’s new boss, with yields on the company’s 2021 dollar bonds jumping the most in more than three months after the appointment of André de Ruyter.
After months of speculation and delays, South Africa named André de Ruyter as CEO of its debt-crippled state power utility, surprising investors with an unexpected choice and angering a key union.
Andre de Ruyter has been appointed as CEO of Eskom, the debt-strapped utility that provides about 95% of the nation’s electricity and poses the biggest threat to its economy.