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Cape Town - South Africa's power utility Eskom expects to reach its target of having a 15% reserve margin or spare capacity in five years, its CEO said on Tuesday.
Eskom has been battling to meet fast rising demand in Africa's biggest economy and a low spare capacity brought industry to a standstill early last year.
The utility has since built up its coal stockpiles to power plants around the country, but it will take a few more years before new planned power stations come on stream.
"We want to be above 15%, currently we estimate to be about 10%... We believe we will (reach) the reserve margin in five years," CEO Jacob Maroga told journalists after briefing parliament's public enterprises committee.
- Reuters