President Cyril Ramaphosa addressed the nation on Monday evening about the energy supply crisis in South Africa and government’s plans to address the problem.
Browsing: Eskom
South Africa plans to try and resolve its chronic power shortage by making it easier for private companies to build plants and paying households and businesses to produce electricity from solar panels.
Articles claiming Eskom will impose a new R938 levy on South African solar users are “fake news”. There is no proposed special levy for solar users.
Eskom has blamed “electrical faults”, likely caused by mist, for knocking out five generating units at the Kriel power station on Monday.
Eskom will suspend scheduled power cuts for the first time in five weeks after the generation system recovered sufficiently.
Eskom could run coal-fired stations for years longer than originally planned to allow more renewable power to be built.
Eskom faces increased financial pressure from lower than anticipated tariffs, rising diesel costs and the impact of labour disruptions, S&P Global said.
Rolling load shedding should come to an end by the end of this week as more power generation units come online.
President Cyril Ramaphosa is racing to make an announcement as soon as Sunday that could include a plan to ramp up investment by the private sector.
South Africa is considering creating a second state-owned power company to compete with Eskom, President Cyril Ramaphosa said.