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The only option for Eskom is one South Africa can't afford

By: Bloomberg     19th June 2019 South Africa simply has to rescue the nation’s distressed power utility. Even though it can’t afford to. Eskom Holdings supplies 95% of the nation’s electricity. If it went bankrupt, the entire economy would be dragged down as well. The danger of that is growing: The utility has a mountain of... 

Eskom’s financial woes not abating in sync with load-shedding risk 

By: Terence Creamer     3rd April 2019 The cautiously optimistic prognosis provided by Eskom on the outlook for electricity supply for the coming nine months has been more than offset by the State-owned utility’s disturbing assessment of its financial predicament. The group, which implemented ten days of confidence-sapping power cuts... 

What is to be done?

By: Terence Creamer     29th March 2019 In the short-term, the only way for South Africa’s crisis-prone electricity utility to stave off rotational power cuts, or decrease the severity of the load-shedding stages it implements, is to buy enough diesel to run the hugely expensive open cycle gas turbines far harder and for far longer... 

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