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The extent of Eskom’s woes has been starkly brought to light in a series of charts by Bloomberg. Its analysis indicates that the bailout by the Government is not nearly enough to get the utility back on track.
Energy experts have welcomed the cash boost to address the debt millstone for Eskom, but they say President Cyril Ramaphosa has not gone far enough.
Chris Yelland recommends a system that will have many people contributing to electricity supply from private premises.
News that energy regulator Nersa has granted Eskom a 9.4% increase for 2019/20 overshadows any overseas headlines.
Nersa allowed Eskom to raise prices by less than what the embattled company estimates it needs, keeping pressure on its balance sheet while also adding to inflation strains.
Unless Eskom gets the tariff hike they’re asking for, the power utility will have to ask government for another R83bn in three to five years’ time, says its new CFO.
The ability of solar to provide SA’s energy needs could become more significant in years to come, according to Manie de Waal, CEO of Energy Partners Solar.
The cost of corruption in South Africa goes up daily, with the latest off shoot a R32.7 billion Eskom recovery plan signed off by the National Regulator.
South Africa has dropped proposals to boost supply from nuclear plants in its latest energy blueprint and will increasingly bring in renewable sources as it trims a reliance on coal.
Eskom is considering asking for extensions on some debt and staff layoffs as it grapples with its finances after years of burning through funds, according to people familiar with the matter.