Posts tagged as Eskom

R1-billion Eskom Kusile automation contract cancelled and reinstated with ABB

  On 20 March 2014, Eskom announced the termination, with effect from 17 April 2015, of the approximately €100-million (approx R1-billion) control and instrumentation (C&I) works contract placed with Alstom in 2011 for its 4800 MW Kusile power station, which currently under construction near eMalahleni (Witbank) in Mpumalanga Province, South Africa. Shortly thereafter Eskom announced […]

Electricity tariff increases and further potential adjustments

  Electricity tariffs are set to increase by 12,69% for Eskom’s customers, while municipal customers will see a 14,25% tariff increase. Eskom has confirmed that the price increases, which are to be implemented on 1 April 2015 to its direct customers and 1 July 2015 for municipal customers, are in line with the approvals received from the National Energy […]

Eskom’s hopes for low-cost credit dashed by ratings cut

  The recent suspension of Eskom’s CE and three other executives has resulted in the power utility’s long-term local and foreign currency ratings being downgraded by Standard & Poor’s Ratings Services to “BB+” from “BBB-“. The ratings agency says that the power utility’s outlook is negative. The result of this downgrade is that a number […]

The electricity sector – understanding the drama and moving forward

  For too long government, Eskom and electricity customers have been complacent in the belief that the old way of doing things is adequate. The reality is quite different, and it is disingenuous for the president of South Africa to paint the picture that the electricity supply problems currently being experienced are primarily a result […]

VIDEO: Analysis on the suspension of the Eskom CEO and three senior executives

  Energy analyst Chris Yelland from EE Publishers speaks to Leigh Roberts of BusinessDay TV about how the decision of Eskom’s board to suspend four executives including CEO Tshediso Matona could hamper the rollout of new capacity, and other implications…

Eskom suspends executives ahead of independent inquiry

  Eskom’s chief executive, Tshediso Matona, together with three other executives, has been suspended while an independent inquiry is held into the operations of the utility. This was announced by Zola Tsotsi, the utility’s chairman at a hastily assembled press briefing on 12 March 2015. Matona is a recent appointee, having taken up his position on […]

No power equals no water

  A general power blackout would affect the entire nation for anywhere between one and three weeks. This is because getting generators going again requires careful synchronisation and is a very slow process. Moreover, Eskom has no experience of handling this. Imagine one, two or three weeks without electricity! Forget about the inconvenience to your […]