Posts tagged as Eskom

Eskom gets another S&P downgrade following 2018 Budget

S&P Global Ratings has again downgraded the long-term debt of Eskom. The power utility’s debt has been rated ‘CCC+’, the seventh rung of non-investment grade, with a negative outlook. It was previously classed as ‘B-‘, the sixth rung of junk debt. In a media statement S&P said the cash-strapped power utility remains at risk of a default in […]

Fifty actions to address the Eskom and electricity supply industry mess

A question often asked of me recently by radio and TV presenters, print and electronic media journalists, is what exactly needs to be done by the new Eskom board and chairman in the weeks, months and year ahead to steady the ship and steer the utility in the right direction. Over the last eight months, […]

Eskom’s financial crisis and the viability of coal-fired power in South Africa

Meridian Economics published a report recently on Eskom’s financial crisis and the decreasing demand for electricity while its costs continue to rise dramatically, driven primarily by its new-build programme. This is the executive summary of the report. The South African power system has reached a crossroads. Eskom, the national power utility, is experiencing an unprecedented period […]

Thabametsi coal plant given go ahead despite staggering climate impacts

On 30 January 2018, Edna Molewa, the minister of environmental affairs, issued a long-awaited decision in relation to the environmental authorisation for the Thabametsi coal-fired power station. The Minister has decided that – despite the undisputed evidence of the significant climate impacts of the power station, and a landmark judgment of the High Court last year, […]

Power transformer company wins two-year frame contract

A multimillion rand two-year frame contract awarded by Eskom to Actom Power Transformers represents an extension of the range of power transformers covered compared with the previous frame contract. The current contract, effective from April 2017 through to March 2019, covers the production and supply of power transformers of 1,25 MVA up to 160 MVA at […]

Ten key takeaways from Eskom’s 2017/18 interim financial results

A refreshing honesty and frankness in dealing with the critical issues facing the utility was revealed by new Eskom chairman Jabu Mabuza and acting CEO Phakamani Hadebe at the long awaited and delayed Eskom interim financial results presentation for the six-month period ending 30 September 2017. New Eskom chairman, Jabu Mabuza Eskom’s interim financials revealed […]

SAUPEC2018: The sky’s the limit for power engineers

The 26th South African Universities Power Engineering Conference (SAUPEC) was hosted by the School of Electrical and Information Engineering of the University of the Witwatersrand, in conjunction with the South African Institute of Electrical Engineers (SAIEE), recently. The event provided a forum for post-graduate students and faculty from the region to present their research work […]

Presidency tackles Eskom’s governance, appoints new board

The government has announced a number of measures to strengthen governance at Eskom, including the appointment of new board members and the stabilisation of management at the electricity-generating parastatal. This follows a meeting of President Jacob Zuma, Deputy President Cyril Ramaphosa, Public Enterprises Minister Lynne Brown and Minister of Finance Malusi Gigaba on 19 January […]