The area around coal-fired plants owned by Eskom ranks as the world’s second largest hotspot of sulphur dioxide emissions, according to Greenpeace.
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The chief executive role at Eskom, considered the most challenging job in corporate South Africa, is attracting interest from people who know how difficult turning around the debt-ridden state utility will be.
Eskom wants the majority of its R440-billion of debt transferred to the South African government.
Eskom urgently needs a plan to turn profitable or South Africa’s state-owned utility will collapse under mounting debt, according to credit agency Moody’s Investors Service.
Debt-stricken state power utility Eskom reported a record loss of R20.7-billion on Tuesday, highlighting the severity of the threat it poses to South Africa’s economy.
Eskom, South Africa’s biggest polluter, said emissions of particulate matter that cause chronic respiratory disease are at their highest level in two decades.
Embattled state power utility Eskom will be temporarily led by Jabu Mabuza, its chairman, who will take over the roles of interim executive chairman and acting CEO starting from next month.
The state-owned power utility is set to announce its second consecutive multibillion-rand annual loss on Tuesday. The big question is, how many billions?
Eleven years after construction started on Eskom’s massive 4.8GW Kusile coal-fired power station in Mpumalanga, not one of its six 800MW generator units is currently delivering power into the grid.
South Africa’s anti-graft ombudsman is investigating Eskom’s deals with 27 independent power producers, Independent Online reported, citing a leaked document.