Imagine if you could build a Medupi’s worth of new electricity generation without spending a cent of public money.
A plan to split Eskom into three units envisions most of the company’s R439-billion debt being allocated to generation.
The presidency says South Africa is moving quickly from a centrally planned energy system to a decentralised, liberalised electricity market.
The R135-billion Medupi power plant won’t ever make a profit because of delays, design defects and increasing opposition to coal-fired electricity generation, one of its funders said.
It will cost R2.5-billion to fix the Eskom generating unit that exploded at the Medupi power station last August.
Eskom expects the consumer to pay for the long-term damage of its bungling of the Medupi and Kusile power station projects, says the Association of South African Chambers.
South Africa faces a record year for power outages after an explosion damaged one of Eskom’s newest coal-fired generation units.
Eskom has suspended several employees after an explosion at Unit 4 at the Medupi power station caused what the utility has described as “extensive damage” to the facility.
An explosion at the Unit 4 generator at the Medupi power station in Limpopo has knocked out an adjacent unit, Eskom said on Monday. It’s not yet clear if this will lead to load shedding in the coming week.
Eskom has reached “commercial operation status” of its final generation unit at Medupi, one of the world’s largest coal-fired power stations – and likely one of the last of its size to be built.