While some generating units have returned to service, Eskom will implement stage-1 load shedding on Wednesday. The power utility is set to implement stage 1 from 9am until 10pm.
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Eskom may have broken tender laws in concluding a 2005 agreement with Black & Veatch that increased more than 100-fold in cost, according to a probe of the contract.
Eskom will implement load shedding for the first time in nearly four months, the state-owned utility said on Friday, as plant breakdowns reduced its ability to meet demand.
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.
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.