Bloomberg
Eskom Holdings SOC Ltd., which supplies almost all of South Africa’s power, said it’s undertaking long-overdue repairs at its facilities amid a high risk of nationwide outages, and it expects supply to improve later this year.
The debt-stricken state utility has implemented electricity rationing — known locally as load-shedding — on 19 days so far this year after record blackouts in 2020. That followed years of underinvestment in new capacity and a failure to maintain its plants, a number of which are past or approaching their retirement date — problems Chief Executive Officer Andre de Ruyter has been trying to rectify.
“We will continue to take units off and maintain them properly,†Chief Operating Officer Jan Oberholzer said in a presentation on Monday. “The power system remains vulnerable and volatile, with the risk of load-shedding significantly reduced after the completion of the reliability maintenance by September 2021.â€
There were 1,798 gigawatt hours of power cuts last year, even as new capacity became operational from coal, wind and solar sources, according to a report by the Council for Scientific & Industrial Research.
Eskom reported improvement as it fixed defects in its newest units at Medupi and Kusile. It’s also had 4,190 employees and contractors test positive for the Covid-19, with 104 fatal cases.