Utility reported loss of 21 billion rand amid record outages Debt rose 11% to 439 billion rand in year through March
South Africa’s indebted state-owned power utility’s costs to run its diesel-powered units more than doubled as its fleet of coal-fired plants experienced frequent breakdowns.
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Eskom Holdings SOC Ltd. paid 21.4 billion rand ($1.1 billion) in the 12 months through March 2023, compared with 10 billion rand a year before to operate the open-cycle gas turbines intended to run during peak-demand periods, National Treasury said in a presentation to lawmakers. The difference in the amount was partly due to higher-than-budgeted volumes and higher prices, it said.
Source:
Bloomberg
