Eskom says it’s working tirelessly to deal with its issues. Cable theft, meter tampering and municipal debt remain among the biggest problems.
The power utility has also warned that load-shedding is here to stay. This is due to no maintenance having been done on some of the units for years.
“I believe we will see the first step-change in April next year. But the risk will improve up until the winter period next year,” said Eskom COO, Jan Oberholzer.
“However, up until then the chances of load-shedding remains. I would like to emphasise this point, that’s where we find ourselves and up until we have a chance to do adequate liability maintenance and mid-life refurbishment, we believe that we will get to a much better position.
Eskom is working with the courts to attach the assets of municipalities that are in the red.
Municipal debt is now more than R31-billion.
“It is very important for all consumers in South Africa to pay for the electricity they consume,” said Eskom CEO, Andre de Ruyter.
“Municipal debt still poses a major challenge. It leaves us with no option but to take assertive steps to arrest the further accumulation of debt and previous debt.
Eskom will be releasing its financials next week with losses running into the billions. While the problems are many for Eskom, it says its main priority is to have a viable and stable grid.
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Source: eNCA
