Johannesburg - South Africa's power supply will be extremely tight over the next three days as employees of mines and factories go back to work and schools restart after the Christmas holidays, state-run utility Eskom said on Monday.
Power supplies are expected to be constrained in over the next two years as Eskom scrambles to bring new plants online to meet rising demand.
In December Fin24 reported that Eskom recorded a profit of R12.24bn for the six months ending September 30 2013, but warned that it will be somewhat eroded in the second half of the financial year.
First-half profit declined marginally from R12.63bn in the same period last year due to increased operating costs.
At the time it said that revenue in the first half of the 2013/14 financial year increased 6.1% to R77.8bn as electricity tariffs rose.
“Despite a highly constrained system, we’ve taken significant steps with our partners to avoid rotational load-shedding and we are addressing the tariff constraints in every aspect of our business,” said outgoing Eskom chief executive Brian Dames at the time.
Dames will step down at the end of March and departs the power utility at a time when the country struggles to keep the lights on.
Power supplies are expected to be constrained in over the next two years as Eskom scrambles to bring new plants online to meet rising demand.
In December Fin24 reported that Eskom recorded a profit of R12.24bn for the six months ending September 30 2013, but warned that it will be somewhat eroded in the second half of the financial year.
First-half profit declined marginally from R12.63bn in the same period last year due to increased operating costs.
At the time it said that revenue in the first half of the 2013/14 financial year increased 6.1% to R77.8bn as electricity tariffs rose.
“Despite a highly constrained system, we’ve taken significant steps with our partners to avoid rotational load-shedding and we are addressing the tariff constraints in every aspect of our business,” said outgoing Eskom chief executive Brian Dames at the time.
Dames will step down at the end of March and departs the power utility at a time when the country struggles to keep the lights on.