It’s taken seven years longer than planned and its final price tag is set to be R135 billion – way higher than the planned R80 billion – but the Medupi power station, the biggest dry-cooled and most expensive power station in the world, is almost complete. Construction is done, at last; making the announcement on …
André de Ruyter is the first Eskom CEO in 15 years who has managed to reduce debt at the ailing state-owned power utility. Eskom’s debt has come down by R90 billion since he joined in January 2020. Some background: In 2005, Eskom was sitting at a debt of R30 billion; by 2020 that had ballooned …
Tired of all the load shedding? So is SA’s corporate sector. Until today, a company could only create 1MW of energy and relied on Eskom for the rest. As you can imagine, that “rest” is QUITE a lot and Eskom isn’t exactly handling it. In a big announcement today, Ramaphosa said government is raising the …
The big story: A magic bullet for SA’s electricity crises Read More »
1. Our take: Shuffle that cabinet, Mr president What’s your new Health Minister’s name? We don’t blame you if you can’t answer that one yet. We told you last week Zweli Mkhize was on his way out as health minister thanks to the dodgy Digital Vibes contract, and lo, it has come to pass. In …
10 June ’21 Wrap: Shuffle (and cut) that cabinet, Mr President Read More »
Self-generation is by far the quickest way to bring additional megawatts onto the grid and lobby groups have been hard at work to increase that threshold, as that really could be the magic bullet to help the country’s energy crisis.
It’s not all good news on the energy front. The job of Eskom CEO remains one of the toughest in SA. The man previously in the hot seat, Phakamani Hadebe, resigned in July 2019, citing “unimaginable demands” which were impacting his health. So it’s been a relief to watch current boss André de Ruyter last …
Racism charge in ongoing row for Eskom’s André De Ruyter Read More »
The year 2020 will go down as the year of Covid-19. But it could also go down as the year of accountability.
Spoiler alert: There is hope at the end of the tunnel.
The message is clear: stay vigilant or risk moving up a level.
