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/ 22 February 2008

Eskom seeks higher tariff hike

Eskom wants the country’s energy regulator to raise a 14,2% tariff hike it granted the utility last year, citing escalating coal prices as it battles a nationwide power crisis. Eskom, which generates most of its electricity from coal, said on Friday it wants tariffs hiked even more than the 18,7% it had initially requested last year but which was rejected by the regulator.

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/ 21 February 2008

Eskom needs 45m tonnes of coal

In order to generate electricity efficiently, Eskom will need to buy 45-million tonnes of coal over the next two years, the power utility said on Thursday. Eskom’s financial director, Bongani Nqwababa, said 30-million to 34-million tonnes have already been contracted and only South African suppliers will be used.

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/ 21 January 2008

Dark times ahead for South Africa

South Africa was set on Monday to ration electricity in a bid to stem a spiralling crisis that has dealt a severe blow to its status as the continent’s economic powerhouse. After mounting anger over daily power cuts that have cost business hundreds of millions of rands, the government said it was drawing up plans that could see consumers fined if they exceed set quotas.