The economic transformation committee of the ANC has suggested that pension funds take over some of the assets of indebted state-owned power company Eskom.
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Eskom warned on Thursday that there is a high likelihood of the first load shedding in almost four months on Thursday as it struggles to return generating units to service.
The spectre of load shedding, which has been kept in abeyance since the Covid-19 lockdown began in late March, has reared its ugly head again after several power-generation units tripped.
Eskom said on Monday that it will cut the supply of electricity to several towns around the country over non-payment for electricity.
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.
Eskom will implement load reduction in Gauteng in order to avoid network overloading from 5pm until 10pm on Thursday.
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.