Eskom on Friday said it made a net loss of R20.5-billion in its financial year ending in March 2020, down slightly from R20.9-billion the previous year.
Browsing: Eskom
South Africa’s biggest cities are preparing to source their own power after the energy ministry this month approved letting them wean themselves off the state utility.
Eskom, the indebted South African state power utility, will announce its annual results this week after a three-month delay.
Eskom chief operating officer Jan Oberholzer said on Thursday that the risk of load shedding will be significantly reduced after the completion of the reliability maintenance by September 2021.
South Africa will allow municipalities to source their own power rather than buying electricity solely from the state-owned utility, potentially easing a dispute with its second biggest city, Cape Town.
President Cyril Ramaphosa on Thursday unveiled a plan to revive the economy, with job creation, increased infrastructure investment, enhanced energy security and more local manufacturing among its key tenets.
MPs have heard how R44.4-million was channelled from Eskom’s contractors, through sub-contracted companies, to four Eskom officials, which has led to four arrests.
As it moves beyond a difficult turnaround, one of the key focus areas for JSE-listed Ellies Holdings is a planned launch, in the coming weeks, of solutions that will take it into the home solar market at scale.
Consumers can have their say about several matters that will determine how much they pay for electricity from next year, after energy regulator Nersa published three discussion documents for comment.
South Africa plans to tap global appetite for green bonds to help fund an infrastructure programme worth as much as R2.3-trillion over the next decade.