Power utility Eskom has warned that unit 1 of its troubled Kusile power station will be down for months following a critical failure.
After serving South Africa since 1961, the coal-fired Komati Power Station in Mpumalanga has today (31 October) reached the end of its operating life and has been shut down from midday.
Power utility Eskom says that it will need 53,000MW of new additional generation capacity over the next 10 years to ensure energy security in South Africa. This will require "extraordinary measures" to expedite the rollout of the grid, it said.
The financial condition of many state-owned companies remains weak, says finance minister Enoch Godongwana, who delivered his Medium-Term Budget Policy Statement (MTBPS) in Cape Town on Wednesday.
Finance minister Enoch Godongwana says that the government will take over a significant portion of Eskom's R400 billion debt.
Business Leadership South Africa (BLSA) chief executive officer, Busi Mavuso, says that the expected taking on of Eskom's debt by government will bring short-term relief but more is still needed.
The Department of Public Works and Infrastructure says that municipal electricity provision needs to be overhauled to ensure that local authorities can be held accountable for their failure to pay bills and to secure necessary generation capacity for r...
Eskom is in deep financial trouble, with its interest expense far exceeding its operating profit, which shows that it can no longer service its debt.
Power utility Eskom has published the latest load shedding schedules from Thursday (20 October) through to Sunday (23 October) following the breakdown of more units overnight.
Power utility Eskom has announced that stage 3 load shedding on Wednesday will be extended
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