Browsing: Eskom

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

Financially embattled Eskom has run to the government for additional funding to pay its spiralling bills. But the treasury has refused and said it will not fund the utility from its strained coffers, and the energy regulator couldn’t help even if it wanted to. Faced with a shortfall

Former National Energy Regulator of South Africa chairman Collin Matjila will be acting CEO of Eskom when current CEO Brian Dames steps down next week, the power utility said on Thursday. “Upon the appointment of the substantive chief executive, Mr Matjila will return to his position as a nonexecutive director

Opposition parties will continue to push for the truth behind the enforced power cut “crisis” before the elections, the Democratic Alliance said on Monday. The DA and the Independent Democrats called for an investigation into the bonuses paid to Eskom executives, as part of a range of measures to counter the

Eskom board chairman Zola Tsotsi said on Friday that at least five of Medupi’s units would have had to be running to have made a meaningful contribution to filling the 3GW shortfall experienced on Thursday. Eskom spokesman Andrew Etzinger warned on Sunday that Eskom has not ruled out the possibility

The Democratic Alliance is demanding that R31m in bonuses paid to Eskom “directors” be “returned” to national treasury following Thursday’s rolling blackouts, the first since 2008’s power crisis. The DA says it wants the money paid back so that it can be used to buy generators for hospitals and emergency

Eskom’s power emergency has been lifted, the power utility said on its Twitter account. “Urgent Notice #Eskom lifted the power emergency at 10pm. Power has been restored in all areas,” it tweeted on Thursday night. On Friday around 7.30am, however, the Eskom load shedding website still bore the warning