Units at all twelve of Eskom’s oldest power stations have ceased functioning, which means that more than 17,000 MW’s are loss. It is even more than 15,000 MW in 2015 when load shedding was introduced and lasted for months. Medupi and Kusile design problems alone will cost R345 billion to restore, and Eskom does not..
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This is totally unbelievable!– Units at all twelve of Eskom’s oldest power stations have ceased functioning – Can it get any worse?
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National power provider Eskom’s is under extreme high financial pressure and debt heads towards the R550 billion mark – wonder if this state entity is going to blast Millions of taxpayers money on bonuses this festive season even though they are cash strapped?
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Eskom chairman Phakamani Hadebe says the power provider is under extremely high financial pressure. According to him, Eskom’s debt will continue indefinitely for the next few years, with the possibility that it may increase from R400 billion to R550 billion. The chairman is also not afraid to admit that the dramatic rise in the foreseeable..
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Price of Eskom electricity expected to double by 2021
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Buckling under the strain of seemingly insurmountable debt, Eskom looks set to implement massive electricity tariff hikes aimed at staving off a complete financial and structural collapse. South Africans are inevitably left to foot the exorbitant bill, caused by gross mismanagement, and nepotism, leading to R19 billion in irregular expenditure, coupled with a long list..
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Get those candles ready and brace yourself for some more power cuts
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The larger municipality of Vereeniging, Vanderbijlpark, Sebokeng and Sharpeville have recently learned from Eskom that there will be power outages from 6 August due to the huge overdue debt owed to the national power supplier. Eskom has declared that they will interrupt power on a regulated basis, enabling organizations to arrange their operations. The monthly debt..
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