Sorry state of air pollution from Eskom’s coal-fired plants
Eskom’s air pollution has fallen well behind its peers in other parts of the world, including developing countries such as India and China.
Eskom’s air pollution has fallen well behind its peers in other parts of the world, including developing countries such as India and China.
This piece finds some natural light at the end of the Eskom tunnel where many of us were convinced it was the headlight of an approaching train.
Saddled with debt equivalent to about 8% of South Africa’s gross domestic product, Eskom isn’t able to produce enough electricity to meet demand.
To get the overseas perspective on Eskom’s prospects, we spoke to Debtwire’s Chris Haffenden on the measures that it could take to shed its debt load.
State-owned power utility Eskom is in crisis. It’s the single largest threat to South Africa’s economy, according to a former minister of finance.
Eskom, which produces most of South Africa’s power, said on Sunday that controlled blackouts will return because of a shortage of capacity.
Eskom CEO Phakamani Hadebe has said in an interview that a debt swap would be “easy” for government.
President Cyril Ramaphosa announced that Eskom would be split into three pieces – generation, transmission, and distribution – in a bid to turn things around at the struggling utility.
What a difference a year makes. 2018 saw the State of the Nation postponed. Jacob Zuma resigned from his role, giving Cyril Ramaphosa only two days to deliver the speech.
President Cyril Ramaphosa, in a speech at the mining indaba, said Eskom’s contribution to the health of our economy is too great for it to be allowed to fail.