Eskom will implement load shedding from 9pm on Tuesday evening as it fights breakdowns at its power plants. The power cuts – at stage 2 – will last until 5am on Wednesday.
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A fallout between top executives at Eskom took a new turn, with the utility’s CEO accusing its now-suspended chief procurement officer of facilitating R8-billion of deals with a company suspected of fraud.
An oil blending and storage company secured deals to supply Eskom with fuel oil worth more than R15-billion at inflated prices by paying inducements, including donations to the ANC, an investigation has found.
Eskom said on Monday that it has put “contingency measures” in place to reduce the risk of its reliance on software from US technology firm Oracle, with which it is in a contractual dispute.
The decreasing performance of the existing Eskom plants is evident in the steady decline of the energy availability factor. On average, 35% of Eskom’s power plants are standing idle at any particular time.
Eskom said on Wednesday that it has added up to 800MW of supply to the national grid after unit 3 at the Kusile power station was brought online this week.
In January, Eskom filed a contentious tariff proposal. In it were a number of proposed changes that will have wide ramifications for all users of electricity, even if they are not directly supplied by Eskom.
National treasury is considering whether it would be better to move a chunk of Eskom’s R464-billion of debt into a special-purpose vehicle or have the state take over responsibility for it directly.
Eskom has suspended load shedding, with effect from midday on Friday, after restoring generation capacity sufficiently to meet customer demand.…
South Africa has announced eight preferred bidders to provide emergency power as the state-run electricity monopoly continues to implement rolling blackouts that are weighing on the economy.