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.
Browsing: Eskom
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.
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.
Johannesburg households and businesses using prepaid electricity are in for a shock if the fixed charges proposed in the city’s draft budget are approved.
The Public Investment Corp has submitted a proposal to government on converting bonds it holds in struggling state utility Eskom into equity, PIC chairman Reuel Khoza said in an interview.
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.
Figures and estimates show that independent power producers and corporate installations are close to generating as much electricity as one of Eskom’s modern power stations.
Eskom has made “key” progress in restructuring the operations of the business, with the power utility committed to meeting the “ambitious” unbundling target date of 2021.