The high court has sided with Eskom in a dispute over the amounts energy regulator Nersa allowed the state utility to claw back from customers for electricity supplied in the 2014/2015, 2015/2016 and 2016/2017 financial years.
Eskom warned late on Tuesday that its generation system is “severely constrained” as the result of unplanned breakdowns at four units.
The government told asset managers and banks it needs R1.5-trillion of infrastructure investment over the next decade, the country’s biggest specialist fixed-income fund said.
The energy ministry on Sunday began consultations with industry on preparations for a proposed 2.5GW nuclear power plant building programme, which has faced opposition from environmental campaigners.
Eskom has demanded that consultancy PwC repay it R95-million, alleging the money was disbursed under an invalid contract. PwC has denied the allegation.
Efforts to address Eskom’s R450-billion debt burden have taken a back seat to the government’s focus on fighting the Covid-19 pandemic.
Eskom expects only three days of stage-1 power cuts, where up to 1GW is taken off the national grid, during the winter period when demand increases, the CEO said on Wednesday.