Eskom has signed a memorandum of understanding (MoU) with Agence Française de Développement (AFD) on developing a more competitive – and lower carbon – electricity system.
Andre de Ruyter
Eskom expects to have acceptable amounts of power generation by late this year, but load shedding will continue meanwhile.
Eskom has launched an investigation into accusations of racism made against the CEO André de Ruyter.
Eskom has struck a deal with ABB under which the engineering company will repay 1.56 billion rand ($103.1 million).
Eskom and the Department of Mineral Resources and Energy (DMRE) have come out in support of the National Energy Regulator of South Africa’s (Nersa) plans to secure new power generation.
Eskom has set out plans for a new “philosophy maintenance”, under which its power plants will be serviced in line with how they were supposed to be, while also seeking cost savings and taking a harder line with lenders.
Eskom’s new CEO Andre de Ruyter has begun his tenure, faced with a major challenge of how to address the company’s debt load and power outs.