The struggling utility has been forced to go the expensive route of using water and diesel due to the breakdown of some units. The “unexpected loss” of some of Eskom’s generation units over the weekend has left the electricity system “severely constrained”, the struggling energy utility said in a statement. While the statement said load..
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Eskom warns – Be prepared for ‘load shedding at short notice’
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Eskom with debt burden of more than R450 billion cuts power supply to parts of Soweto due to default
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The national power supplier is struggling to keep up with its debt burden of more than R450bn and the ineffective functioning of many power plants. In addition to its own problems, Eskom has continued to act reluctantly against municipalities that do not pay their monthly consumption to Eskom, and Eskom is too cumbersome to act..
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Eskom which is battling with R441 billion debt, won’t be privatized – ANC-regime’s plan to save the power supplier from ruin disappointing
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Public Enterprises Minister Pravin Gordhan yesterday unveiled the government’s latest blueprint to kickstart Eskom, which proposes major shifts in the ailing entity’s business model. Politicians, as well as political analysts and financial experts are disappointed in the plan, whose content can be vague and probably poorly implemented, as announced by the minister. Not only did..
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#ParasiticParastatal Another 59 Billion Bailout Has Just Been Granted To Mismanaged & Corrupt Eskom Gravy Train
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The National Assembly voted in favor of a special allocation bill on Tuesday that allows a bailout of R59 billion to struggling Eskom. The bill was approved by 200 votes to 105 with ANC MPs believing the bill is essential to keep the lights on. These MPs argued that many of them grew up in..
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Power shortages in SA can last up to four years due to Eskom’s inability to produce
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The ANC-SACP government’s long-term plan with the economy is closely linked to the supply of electricity. The government has already published its “plan”, warning it of a so-called “immediate risk” of major electricity shortages that will arise. To make matters worse, it is stated that the large power shortages can last for four years due..
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Video: Thank god we have coal and not nuclear power stations! – Boilers shut down due to incompetent workers overfilling coal bunker flooding top floor with coal
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This information has just been sent to us via a member. The details have not been verified but this is how we work. It will not take long before the real story gets given to us. We will update the details here once we have verified information. Thank god we have coal and not nuclear..
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Power outages cost SA millions of rands a day and could mean an economic downfall
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Ramaphosa may forget to go ahead with successful results whilst begging for investments when Eskom has already started shedding power, says a well-known economist from Pretoria. Eskom’s load shedding, without any announcement, costs South Africa millions of rand a day, and the entity is in two ways destroying the country economically. On the one hand,..
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Eskom load shedding may have been applied over Nersa not approving electricity supplier’s tariff increase and is now used as leverage to manipulate the initial decision
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TAU SA finds it extremely suspicious that Eskom suddenly imposes loadshedding just days after the electricity supplier filed a lawsuit against Nersa, the regulator, because the entity was not satisfied with the tariff increases approved. “It almost seems as if there is a subtle blackmail here, as it has often happened in the past if..
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#RollingBlackouts are back due to a shortage of power generation at Eskom power stations contributed by lack of skill
Ramaphosa plans to pay Eskom’s R440bn debt burden off but no one knows how
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The ANC president’s plan to get Eskom out of the mess has yet to come to light and is apparently a state secret or no such plan at all. That’s the opinion of an expert in Pretoria who set his sights on the president’s promises that never come true, he said. The Ramaphosa plan to..
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Unproductive Eskom drags Nersa to court over reduced power tariffs showing financial deficit of R102 billion
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The greedy Eskom, which fails to become profitable on its own, and constantly stands by the ANC government, has now taken its arrogance a step further, according to financial experts. The bankrupt power provider has already taken steps to approach the Supreme Court in a case against Nersa’s decision to grant a lower rate than..
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Eskom’s municipal debt rises to R23.5 billion – Lets face it! Management and board of directors do not possess management skills to run this entity
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Eskom’s inability to function effectively has again emerged with the latest financial information released. Municipalities already owe Eskom R23.5 billion, according to the report released by Minister Pravin Gordhan. The disclosure shows that the debt to be paid to Eskom is still rising, and is a sign that the entity is not prepared to set..
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Eskom – in return for R59bn bailout from National Treasury, Eskom must recover Soweto, municipal debt
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National Treasury is set to impose 28 conditions on Eskom in return for a R59bn lifeline to keep the cash-strapped power utility afloat and enable it to pay interest on its mounting debt burden. Treasury updated Parliament’s appropriations oversight committee on the conditions attached to an appropriations bill on Wednesday. The bill, which has not..
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Eskom drowning in debt, will need R69 billion to service its overflowing liabilities
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Eskom chairman Jabu Mabuza during the power utility’s annual financial results presentation on November 28, 2018 in Johannesburg, South Africa. During the presentation, it was revealed that Eskom’s debt service costs have doubled in a one year to R45bn. Jabu Mabuza addressed the Portfolio Committee on Public Enterprises on Wednesday and announced Eskom is owed..
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Eskom problems not solved yet – Possibility of load shedding exists in the coming months
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The DA said in a statement on Thursday that it had reliably heard that Eskom had issued a warning to municipalities about the “strong possibility of load shedding in September and October” this year. Natasha Mazzone, DA’s shadow minister of public affairs, said in the statement that the opposition party has now written to Eskom..
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