Browsing: Eskom

The national power grid would remain tight on Thursday, Eskom said. “Tonight we are expecting the same as last night … a tight balance, a very low reserve margin,” spokesman Andrew Etzinger said. “The balance between supply and demand will be challenged

ower constraints call for a “radical transformation” of the country’s energy sector, President Jacob Zuma told South Africans on Tuesday. “We need to respond decisively to the country’s energy constraints, in order to create a conducive environment for growth,” he said in his state of the nation address

Eskom has implemented power cuts in parts of the country due to its constrained power grid. “Due to the severely constrained power system, Eskom started implementing rotational load reduction from 5.12pm this afternoon,” it said in a statement. “We anticipate that we

Power cuts are unlikely over the weekend, Eskom said on Friday. Spokesman Andrew Etzinger said deliberate power cuts became necessary on Thursday evening due to constraints on the power system. Load shedding on Friday and over the weekend, however, appeared

South Africa’s power system will remain in peril during winter, acting Eskom CEO Collin Matjila said on Thursday. “The country still remains vulnerable and it will be the same during winter,” Matjila told reporters in Johannesburg. “While we continue with maintenance as part of our strategy to have remaining

Eskom executives are to forgo their annual bonuses this year in light of the parastatal’s R255 billion revenue shortfall, interim CEO Collin Matjila said on Wednesday. “They acknowledged the financial constraints by agreeing to forgo their annual performance bonuses this year as one of the efforts to

Eskom will know by the end of the month whether it needs to increase its electricity tariffs, it said on Thursday. In a statement, the state-owned enterprise said it was awaiting a determination from the National Energy Regulator of South Africa. It asked Nersa last year to evaluate and approve the regulatory clearing account balance for its previous

Eskom on Sunday defended its proposed upgrades to Megawatt Park, its head office in Johannesburg, as a necessity despite the utility being under financial constraints. “This are essential, they aren’t lavish upgrades,” spokesman Andrew Etzinger said. He said the upgrades were necessary for the health and safety of staff, data

Eskom’s cash flow situation is “very stable”, the power utility said on Friday. “Eskom would like to reassure the nation at large that its cash flow situation is very stable,” the company said in a statement. The power utility managed its cash flow in a responsible manner, and always made sure it had sufficient liquidity. The company had stated