Eskom’s new plan to end load-shedding
Eskom, the South African power utility, has launched a pilot program called load-limiting to reduce electricity demand during the evening peak and potentially end load-shedding.
Eskom will not meet performance targets – Moody’s
Moody’s, a rating agency, stated in a research note that Eskom, the South African utility company, is unlikely to meet its performance targets due to mismanagement, coal supply issues, skills shortages, sabotage, and theft.
Eskom had set ambitious goals to improve its Energy Availability Factor (EAF) to 65% by March 2024 and 70% by March 2025, but currently, its fleet has an EAF of 57%. Moody’s emphasized that these targets are challenging given Eskom’s difficulties and track record.
Eskom coming to its end
According to Dawie Roodt, the chief economist of the Efficient Group, Eskom, South Africa’s power utility, is heading towards a similar fate as other struggling state-owned enterprises like SAA and the Post Office.
Illegal connections cause two stages of load-shedding
Illegal electricity connections to Eskom’s grid have resulted in two stages of load-shedding and damage to infrastructure, according to Mashangu Xivambu, a senior manager at the utility.
Big Eskom cover-up
Former Eskom CEO Andre de Ruyter and other whistleblowers have revealed how criminal networks involving high-profile politicians infiltrated all levels of Eskom’s operations, engaging in activities such as armed robbery, fuel theft, sabotage, and corruption.