Eskom Archives - Page 2 of 2

ESKOM STILL CONTINUING LOAD SHEDDING IN SA

Posted on September 8, 2020 by Gambeta News

Due to the generation unit decrease in South Africa, Eskom is still using load shedding for its distribution as they continue to battles with power supply constraints. In a press release by the utility company, Eskom said Stage 1 load shedding got underway at 8am on Monday and will continue until 4pm. Thereafter, load shedding will be escalated to Stage 2 until 10pm. Eskom further noted that it would continue to communicate timeously should there…

COURT ORDERS ESKOM TO RESTORE ELECTRICITY IN SOUTH AFRICA

Posted on September 3, 2020 by Gambeta News

The North Gauteng High Court Acting Judge Anthony has ordered Eskom, south Africa power distributor to restore full maximum electricity supply to several areas in the Free State and Mpumalanga provinces immediately. Eskom was taking to court by the Applicants, the Vaal River Development Association, which represented communities in Parys and Vredefort in the Ngwathe municipality, and Lekwa Ratepayers’ Association NPC, which represented residents of Standerton, Sakhile, Meyerville and surrounds in the Lekwa Municipality. According…

ESKOM SAYS SOUTH AFRICA MAY EXPERIENCE POWER CONSTRAIN THIS WEEK

Posted on August 17, 2020 by Gambeta News

South Africa power distributing agency Eskom has issues a statement that the nation may face power system constrain this week. According to Eskom, Due to the unavailability of several generation units, the power system will be severely constrained this week. The statement reads “While Eskom teams are working hard to return as many of these generation units to service as possible, any further deterioration in the generation performance may tip the country into load shedding.”…

SOUTH AFRICA’S ELECTRICITY CHALLENGES REVEAL WEAK GOVT’ POLICIES

Posted on July 17, 2020July 17, 2020 by Gambeta News

For a leading African nation that is meant to be a shining example to other African nations, it feels so sad that they are struggling to meet the electricity demand of citizens. Over the last 13 years, various administrations in South Africa have promised to solve the electricity challenges plaguing the country. But, the situation keeps getting worse even to the point of load shedding. According to Eskom, South Africa’s primary electricity supplier, Load shedding,…

SOUTH AFRICA ACCEPTS PRIVATE POWER GENERATION

Posted on January 16, 2020January 16, 2020 by Gambeta News

South Africa settled to allow businesses to generate their own electricity. South Africa made the decision due to the growing disappointment business faced as a result of the constant power outages in the country. The outages has affected economic output and weakened investor confidence in one of Africa’s most industrialized economy. Power dependent companies such as mines built their own renewable energy plants to reduce their dependence on Eskom even without the necessary regulatory approvals….

SOUTH AFRICA KICKS OFF CONSTRUCTION OF KARUSA AND SOETWATER WIND FARM

Posted on November 6, 2019 by Gambeta News

Enel has commenced the construction of the USD 446 million Karusa and Soetwater wind farm. According to Enel Green Power, the construction of the wind farm is expected to run for 2 years and will be located at South Africa’s Karoo Hoogland District, Northern Cape province. In addition, the tools to be used for the construction of these wind farms will be of the highest standard. Among these state-of-the-art tools will be some digital platforms…

SOUTH AFRICA’s POWER CUT WILL CONTINUE UNTIL ESKOM TACKLES THE CHALLENGES AT HAND

Posted on October 17, 2019 by Gambeta News

Eskom will cut 2,000 megawatt power from 9 a.m-11 p.m local time across the country. Eskom instituted load-shedding after losing some of it’s generating station broken down at the same time. South Africa will face future power cuts if these issues are not well handled now. Eskom generates 90% of South Africa’s power of which most of the stations are coal-fired. The reason for the breakdown is as a result of low supply of water…

ZIMBABWE PRESIDENT IN ENERGY TALKS WITH ESKOM

Posted on July 8, 2019July 8, 2019 by Gambeta News

President Mnangagwa held talks with President Ramaphosa over Zimbabwe Energy issues. President Emmanuel Mnangagwa has held talks with President Cyril Ramaphosa of South Africa toward solving the nation energy problem. The bilateral meeting was to find a lasting solution to Zimbabwe power challenges. During the meeting, President Mnangagwa announce that Energy and power minister Fortune Chasi will soon lead a delegate to South Africa. These delegates will finalise a new power deal that will ease…

ENERGY GAINT IN SOUTH AFRICA ESKOM POSTS U.S $170 MILLION LOSS

Posted on July 23, 2018 by Gambeta News

ENERGY GAINT IN SOUTH AFRICA ESKOM POSTS U.S $170 MILLION LOSS Eskom a South African electricity public utility suffers a net loss of R2.3bn in 2018, compared with a R0.9bn profit the previous year. This statement was revealed at its financial results presentation on Monday. The poor results were allegations of corruption and mismanagement, challenges of governance and negative investor sentiment says Mr Phakamani Hadebe CEO. This was a result of shaking the cupboard so hard that so…

MOODY’S DOWNGRADE SOUTH AFRICA’S ESKOM

Posted on January 29, 2018 by Gambeta News

Eskom recently downgraded by rating agency Moody’s. Eskom’s long term collective family rating has downgraded by the Global ratings agency Moody’s. The downgrade was from B1 to Ba3 with warning that the ratings remains under review. The rating agency pegged the downgrade to Eskom’s falling liquidity and the the ability of the government to provide balanced support to the difficulties faced by electricity parastatal. In an attempt to resolving the ongoing downgrade, a new Deputy President…

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