Those units in Eskom’s coal fleet that do work are being utilised at a rate of more than 90% versus an international benchmark of 70% – and that concerns lenders, an energy expert has said.
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Eskom will implement rotational power cuts from 9pm on Saturday due to “generation capacity constraints”.
Eskom sees an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, its CEO said.
South Africa will soon agree on a comprehensive, unified approach to turning around Eskom, according to the public enterprises minister.
President Cyril Ramaphosa said things are improving at Eskom and that government is aware of the importance of reliable and stable electricity supply.
South Africa’s deepening energy crisis looks set to persist for at least two more years, with operational problems at Eskom showing no signs of abating.
“Wheeling” – moving privately generated power to customers across the national grid – is gaining traction in South Africa’s increasingly liberalised energy market.
Energy regulator Nersa has presented four new options to Eskom for determining the tariffs it will be allowed to charge from 1 April next year.
Energy Minister Gwede Mantashe has accused Eskom of delaying emergency power projects, according to a report.
Eskom is facing deliberate acts of sabotage by unknown criminals, CEO André de Ruyter said on Friday.