national power provider

Medupi and Kusile power stations are still “off the grid” due to poor construction work, corruption and cost overruns

Posted on 08/26/2019 Leave a comment

More than 600 senior officials from Eskom and some executives were informed of the entity’s “turnaround” plan. According to documentation, Eskom is sitting without cash and has almost completely collapsed on several occasions.

R130bn has been loaned to the power provider and the state is expected to help as government announces increased tariffs. Eskom unbundling continues but will take four years to finalize. So the future is still bleak around the entity with its overloaded workforce and top structure officials.

In the last two years, Eskom reported a loss of R2.3 billion while R19.6 billion was wasted on unauthorized expenses.

In the meantime, Medupi and Kusile power stations are still “off the grid” due to poor construction work, corruption and cost overruns.

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What did South-Africans used before candles? Electricity! – Eskom is apparently technically bankrupt and its R420bn debt currently accounts for 15% of the country’s debt – will no longer exist at the current projection by April 2019

Posted on 05/11/2019 Leave a comment

The Portfolio Committee of Public Enterprises heard at the hearing of the Department of Public Entities that Eskom was “technically bankrupt”.

Eskom will no longer exist at the current projection by April 2019.

The power supply’s R420bn debt burden currently accounts for 15% of the country’s debt and its revenue has increased fourfold since 2007 but its expenses, especially with staff overload, have exceeded revenue. Staff alone increased from 32,000 to 48,000 in eleven years.

Despite the increase in staff, critical knowledge was lacking, which resulted in 40% of interruptions at the different power stations being attributed to “human factors”.

The original article can be read in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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Price shock beckons if Nersa authorize Eskom’s request- National power provider demands 45% increase in tariffs – Now taxpayers have to pay for state institution’s incompetence

Posted on 01/08/2019 Leave a comment

National power provider, Eskom’s application to Nersa will be heard in Cape Town next week.

Nersa has already approved a 4.41% increase, but now Eskom is demanding 15% annually over the next three years, which is three times the official inflation figure.

Energy expert Ted Blom says the application should be scrapped until the forensic audit is completed on the statecapture that took place at Eskom.

Experts have disclosed a different outlook on this situation by pointing out that the power tariffs are already too high and should rather be lowered, especially in view of the fact that power is being sold to neighboring countries at far lower rates than charged to South-Africa itself.

The power provider also indicated that load shedding could be reinstated next week, which would further crippled the economy.

Read the original article on SAUK-nuus
This report does not necessarily reflects the opinion of SA-news.

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Investors do not want to invest in SA since our national power provider is so unreliable – Communists now demand the end of load shedding after it has already cost the country billion Rand in recent weeks

Posted on 12/12/2018 Leave a comment

ANC, SAKP, Cosatu and Sanco are now demanding the end of load shedding in South Africa.

It is ironic that the people in charge of the country, that is, the ruling ANC party, its alliance partner, the SA Communist Party and unionists now demand that the shedding of power must be discontinued.

The ANC’s Zizi Kodwa issued a statement on behalf of the parties in which statecapture and corruption is blamed as well as Eskom’s incompetence to thrive. During the meeting of partners, the failure of local government was criticised as well as the inability to provide basic services.

In terms of power, the country has already spent billions of Rand in recent weeks, and Ramaphosa’s efforts to attract investors are being harmed by the power supply that is extremely unreliable.

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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