Eskom said its energy transition plan may require as much as R1.2-trillion of investment for new-generation and distribution capacity.
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Eskom has welcomed President Cyril Ramaphosa’s efforts to liberalise the energy sector, saying it will give the utility the space to increase maintenance.
President Cyril Ramaphosa on Monday night scrapped licence rules for private power generators in a sweeping overhaul of the energy industry.
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.
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.