Karpowership’s stalled plans to affect a 1.2GW electricity supply contract with South Africa has regained momentum.
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Pick n Pay said it delivered a “resilient” performance in its full-year results, despite the damaging impact of load shedding on its bottom line.
The former Eskom chief operating officer, who was due to retire, will stay on at the utility to help defeat load shedding.
Eskom’s board has shortlisted five candidates for the position of CEO, according to the chairman of the beleaguered power utility.
Eskom will impose load shedding across a wide range of stages over the coming long weekend.
Former Kriel power station finance manager Sifiso Masina has been convicted of fraud and theft in the Kriel regional court.
The former Eskom CEO says he probably underestimated when he put the amount of money that’s being stolen from the company at R1-billion/month.
The electricity minister has proposed a “mega bid window” for the procurement of renewable energy to curb rolling blackouts.
Almost 18 months on, South Africa’s $8.5-billion transition showpiece looks more like a cautionary tale.
The power utility has launched a demand-side management initiative which could save some 1.5GW of energy for the grid.