Sa’s eskom vows to avoid load shedding electricity meme


Eskom, which has monopoly on South Africa’s power supply, has been dogged by crises over the lasy decade, with both Medupi and Kusile running very behind schedule, governance and corruption issues, money problems, municipal debt issues, disagreements with coal supplying mines and aging infrastructure.

In its statement on Monday, Eskom said it has held discussions with the business rescue practitioners with a view to ensuring that they continue to perform, in terms of the coal supply agreement, and that coal supply to the power station is resuscitated without further delays. In addition, 722.3 km of new transmission lines were added, exceeding the year-end target of 677 km and 2 510 mVA of new substation transformer capacity exceeded the year-end target of 2 010 mVA.

"We are happy to say we now have 6". "We need to take painful, hard decisions". "We have set a target to improve plant performance, and are on course to achieve a sustainably healthy electricity system by balancing maintenance and reducing unplanned breakages, plant availability of 80% with 10% of units on planned maintenance and 10% on unplanned and other maintenance by FY 2018/19", Hadebe said. This includes 215 519 new connections to the grid versus a target of 201 200, 2 387 MW new build capacity on the grid versus a 1 460 MW target for financial year of 2017/18.

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However, Eskom said it had the situation covered and had implemented a plan to manage a shift in plant performance and coal stock levels in the short-term to improve stockpile levels at the six power stations where levels were below minimum, making load shedding unlikely during the country’s higher power usage winter season.

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The power utility said no agreement has been reached yet. Should Eskom decide to accept any reduction of the coal supply tonnage, as proposed by the business rescue practitioners, such will be done at the current coal supply contract price. "We have, however, put measures in place to mitigate the situation, and if the current state does not improve, we will meticulously reassess the situation, review our plans and take the necessary action". However, Hadebe said that this has changed.

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BMI Research said it expects OPEC’s output to remain stable around or slightly above 32 million bpd for the rest of the year. The United States has overtaken Saudi Arabia to become the world’s second-biggest crude producer after Russian Federation .

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The information services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.25. GrubHub, Inc . operates as an online and mobile food-ordering company, which connects diners with local takeout restaurants.

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