The Public Investment Corporation (PIC) has submitted a proposal to government, seeking to convert its bonds in Eskom into equity.
The Mpumalanga Provincial Treasury says it’s disappointing that municipalities entered into agreements to pay Eskom their electricity debt and later reneged, leading to an increased debt.
Eskom is now forecasting that there will be three days of load shedding during the coming winter period, from a previous forecast of thirty days before the lockdown. Eskom CEO Andre De Ruyter says Eskom’s debt still remains high at R450-billion and the company is still not able to generate enough revenue to meet its […]
The DA has called on Eskom to provide the nation with daily updates and forecasts on the status and stability of the power grid.
Eskom Chief Executive Officer, Andre de Ruyter says the restructuring process at Eskom is still underway. However, the ‘distribution’ side of the business is proving to be complex and will need more work.
The National Energy Regulator says it will immediately begin implementing plans that would allow Eskom to recoup over R13 billion from customers.
South African energy regulator Nersa says it will allow power utility Eskom to recover R13.3-billion from customers for electricity supplied in the 2018/19 financial year, lower than what the state-owned power utility had applied for.
Eskom has admitted flaws in the design of the Medupi Power Station that hampered power generation which it says has now been rectified.
Eskom says it will be restricting electricity supply on a rotational basis in high density areas of the Gauteng province.
South African state utility Eskom plans to correct design defects at all units of its mammoth Medupi and Kusile coal-fired power stations, it said on Monday, after completing modifications on one of the plants’ units.