Eskom CEO André de Ruyter said on Thursday the state power utility could become financially viable and do without government bailouts if it could more than halve its debt to R200-billion.
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Cape Town said it could buy its own renewable energy within five to six years if it wins a court case against the government.
Zimbabwe’s state power transmission company has invited bids for the construction of 500MW of solar power plants as part of a drive to increase its use of renewable energy and end power cuts.
Energy regulator Nersa said on Friday it will allow utility Eskom to recover R13.3-billion from customers for electricity supplied in the 2018/2019 financial year.
Net1, the company that used to manage the payment of social grants in South Africa, has appointed former Telkom and Eskom chairman Jabu Mabuza as chairman-designate of its board.
The City of Cape Town is awaiting a court ruling on whether it can buy its own electricity from suppliers other than national power utility Eskom without getting approval from the energy minister.
Eskom is seeking low-carbon solutions to repurpose the coal-fired stations that are scheduled for decommissioning, according to tender documents.
Energy regulator Nersa on Tuesday defended its decision to suspend its operations during the nationwide Covid-19 lockdown, a move that has surprised energy experts.
South Africa’s power utility warned coal suppliers it may halt purchases of the fuel because a nationwide lockdown to deal with the coronavirus pandemic has curtailed demand for electricity.
Eskom has declared force majeure – unforeseen circumstances that prevent the fulfilment of a contract – on one of its biggest coal suppliers, Exxaro Resources, setting the stage for possible legal action.