Load shedding may make a comeback after mid-Jan, says Eskom CEO | Fin24
 
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Load shedding may make a comeback after mid-Jan, says Eskom CEO

Dec 20 2018 09:15
Liezel Hill, Bloomberg

South Africa’s state-owned power utility may need to reinstate rolling power cuts after factories and businesses reopen following the summer holiday period, said Eskom Chief Executive Officer Phakamani Hadebe.

The company is making progress in reducing unplanned outages and maintenance, he said in an interview on Johannesburg-based Talk Radio 702.

“From now up until January 15, the probability of load shedding will be very minimal,” he said. “As we work on the maintenance we hope the situation will be better, but after the 15th probably there might be stage-one load shedding that might take place.”

Eskom announces stage-one loadshedding when it plans to cut up to 1 000 megawatts from the grid.

The utility is mired in debt and isn’t selling enough power to cover all its costs, leaving it scrabbling for money to maintain and replace its aging plants.

President Cyril Ramaphosa replaced the company’s board earlier this year to help root out corruption and graft that contributed to the unsustainable financial state at the company that supplies almost all of the nation’s electricity.

While that management has taken measures to increase transparency, a turnaround plan for the business has been delayed.

The president on December 14 appointed an eight-person team to advise the government on resolving Eskom’s operational, structural and financial challenges.

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