High hopes that government will soon lay out plans to take on a majority of Eskom’s debt have lifted the company’s bonds.
Browsing: Energy and sustainability
Eskom is examining how the suspension of a pact that enables it to import nuclear fuel components from the US.
Petrochemicals giant Sasol has signed three wind-power purchase deals as it shifts towards renewable energy to meet its carbon emissions targets.
Eskom is again looking for a chief executive. But running the utility surely ranks as the worst job in the global energy industry.
South Africa made fresh inquiries about securing electricity supply from Turkey’s Karpowership as it battles its worst-ever power outages.
For many years, critical maintenance was deferred and our power stations were run too hard to keep the lights on. We are now paying the price for these miscalculations.
President Cyril Ramaphosa has appealed to Eskom to suspend its biggest electricity price increase in more than a decade.
Eskom will impose load shedding on a continuous basis for at least the next two years, board chairman Mpho Makwanan has warned.
CEO André De Ruyter also reaffirmed that power cuts would continue for two more years at least.
The result of Eskom’s woes is that South Africans are increasingly being forced to explore alternative sources of electricity.