Former Eskom CEO Matshela Koko and 16 others in the dock on fraud charges
Former Eskom CEO appeared in court on charges related to more than R2bn of irregular contracts to build a coal-fired plant.
Former Eskom CEO appeared in court on charges related to more than R2bn of irregular contracts to build a coal-fired plant.
Ted Blom warns that Eskom is understating the country’s electricity shortfall and that South Africans should brace for disaster.
SA failed to build new power stations when economic growth and aging plants demanded it. The result? Load shedding, a thorn in SA’s side since 2007.
Energy expert Ted Blom warns that Eskom is understating the country’s electricity shortfall and that South Africans should brace for disaster.
“Eskom found that there was a deviation from procedure that led to the incident and placed managers involved under precautionary suspension.”
“The incident took place late on Aug. 8 and is suspected of having caused another unit to trip, Eskom said in a statement.”
Having a monopoly power producer that is incompetent and verging on financial disaster is the single biggest threat facing the SA economy right now.
Despite electricity outages during the Eskom wage negotiations, uninterrupted supply should become the norm. After Medupi, Kusile and the renewable programme, it will require years of strong economic growth to suck up excessive supply.
On the upside, South Africa’s most effective cabinet minister is now responsible for Eskom’s ticking time bomb. On the downside, even Pravin Gordhan’s miracle working power has limits.
Eskom national spokesperson Khulu Phasiwe responds to an article on how falling electricity production is being offset by the growing number of independent power producers.