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Tag Archives: eskom

Eskom denies allegations that it is broke

 Electricity parastatal Eskom on Sunday denied media reports that the state-owned company (SOC) is facing a cash crisis. Eskom had noted weekend media reports concerning its financial sustainability, it said in a statement. “Due to limitations around disclosing financial information before the official announcement which is scheduled for Wednesday, Eskom is …

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Eskom rolls out power cuts to indebted municipalities

Difficult times lie ahead for 22 defaulting municipalities whose power Eskom has resolved to turn off  during peak hours from Monday. Their lights will be out until payment agreements are reached. Municipalities in the Free State, Northern Cape, Mpumalanga, North West and the Eastern Cape owe Eskom  billions of rands. Power …

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Eskom warns public of a bank scam

Eskom on Friday warned the public about a scam where criminals were pretending to be the utility’s representatives, claiming that Eskom had changed its banking account to Nedbank and subsequently providing those banking details. “The fraudsters use letters, faxes and emails bearing the Eskom logo and the forged signature of …

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Eskom ‘postpones’ signing power purchase agreement

Eskom on Thursday, postponed the signing of a 20-year power purchase agreement with Redstone Solar Thermal Power Project, an independent power producer, “until further notice”. Eskom chief executive, Brian Molefe, was scheduled to sign the multi-billion rand agreement with Redstone on Thursday in Johannesburg, but the deal was called off …

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Eskom restores power in Zuurbekom

Eskom on Monday morning said power had been restored to three large power users in Zuurbekom in Gauteng. This follows an unplanned power supply interruption which affected the Rand Water Board Pumps, Zuurbekom rural and the SAR Midway signal feeders earlier on Sunday. “The supply to the two transformers and …

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Eskom ramps up energy for winter

Power utility Eskom on Tuesday announced that it had begun to cut back on planned maintenance to shore up energy for winter. “Our winter plan formally kicked off on 1 April 2016 and runs until end of August 2016. As a result, we have already started to ramp down planned …

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Eskom gets R5-billion bailout

Government will make its final bailout payment to Eskom. The state utility will receive R5-billion despite the finance minister previously saying that he would withhold the funds. The payment was to be withheld until Eskom implemented further cost cuts. Treasury also wanted the parastatal to improve maintenance and complete its capital …

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