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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.
Where there’s smoke there’s fire, and in Eskom’s case the quality and supply of coal stoking their fires has reached crisis levels as their downward financial spiral and historic State Capture burns the nation’s energy producer.
Until fairly recently, renewable energy was widely seen as being the welcome future that couldn’t come soon enough.
Here’s an idea with the punch of a nuclear reactor – one so powerful that it can write off Eskom’s soaring debt of R350 billion.
Ramaphosa’s team has moved to purge Eskom of toxic executives like Anoj Singh and Matshela Koko. But much more needs to be done.
A refreshing honesty and frankness in dealing with the critical issues facing the utility was revealed by new Eskom chairman Jabu Mabuza.