Profit falls from R3.8bn to R1.6bn as supply constraints and a drop in demand take their toll
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The acting chief executive said it was imperative to bridge the gap of 4000 to 6000 megawatts of dispatchable capacity
Eskom acting chief executive Calib Cassim says Eskom expects to see an improvement in its financials in 2025
Eskom’s Calib Cassim said the utility plans to keep capacity losses caused by breakdowns to below 14 500 megawatts
Acting CEO Calib Cassim told the M&G there has to be planning for what happens after the debt relief ends
Acting chief executive says he still has work to do in his financial role at the utility
Utility says that this will encourage defaulting municipalities to cough up
Eskom expects units from Kusile and Tutuka power stations to be back online in November
This is in line with its turnaround plan which was approved by the department of public enterprises in 2019.
The Energy One Stop Shop and Energy Resilience Fund is aimed at cutting red tape and accelerating regulatory processes in renewable projects
Transmission company is another plan to raise revenue – provided the treasury approves it
Renewable energy could close the gap between demand and supply, ending load-shedding. But out-of-pocket Eskom must find money to upgrade its transmission infrastructure first
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Sources say the board will wait until the investigation is completed before making a decision
In the utility’s worst-case scenario, the country could experience stage eight load-shedding during the icy winter months
Eskom will be freed from borrowing more money for its operational needs and capital requirements for the next five years because of the government’s debt relief package and the tariffs approved by the national energy regulator, Nersa.
The new chief executive is charged with ending load-shedding and unbundling the power utility into three divisions – generation, transmission and distribution
The utility says the energy availability at six power stations has picked up
Emergency procurement funds will not be abused, says Nkosazana Dlamini-Zuma
Eskom debt down R5.5bn, but balance sheet pressure is high
Eskom price hike is ‘unsustainable’
‘Cost-reflective tariffs’ and resolving municipal debt are needed to turn Eskom around
The power utility will keep the peace with organised labour, André de Ruyter has assured
On Tuesday energy regulator Nersa announced that it would allow the ailing power utility to recover an additional R10-billion through tariffs.
Outa says although Eskom brought about its own downfall, there were other factors, such as corruption and state capture, which worsened the situation
Over the course of three weeks, Nersa will hold hearings on what the debt-laden power utility
‘Difficult decisions’ must be made and there is no escape for the consumer and the taxpayer
Eskom’s irregular expenditure, identified under the terms of the Public Finance Management Act, rose to just under R20-billion