Eskom looks to private power
New CEO De Ruyter says renewables 'a good thing'
26 January 2020 - 00:15
UPDATED 26 January 2020 - 01:00
Faced with myriad challenges, maintenance backlogs and crippling load-shedding Eskom's new CEO, André de Ruyter, is welcoming plans for mines to begin generating their own power as a means of easing pressure on the grid.
In the last financial year mines contributed about R30.3bn to Eskom's revenue of R193bn, according to figures provided by Eskom. The struggling utility's revenues are already under pressure and would face further erosion should it lose large customers...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.