Eskom Releases Dire Worst Case Scenario for Winter Load-Shedding

LOCAL NEWS

• Eskom’s base scenario for winter foresees no load-shedding and R1bn spend on diesel generators – this seems overly optimistic, however. Its mid scenario foresees 37 days of stage 2 load-shedding in 2022 and average 13,500MW of unavailable capacity until August with diesel costs of R3bn.
  • The worst case scenario is 104 days of load-shedding between April 1 – 31 Aug with R7bn in diesel costs. - MoneyWeb
• New report shows Eskom has delivered its worst performance to date, with its generation stopping 697 times and its coal fleet shrinking to 55.5% by March.
  • Eskom’s COO said SA needs to add 50,000MW – equal to replacing the current energy fleet (45,000MW) – of additional generation to the national transmission grid over the next 13 years to cover the energy supply gap and replace retiring coal stations – News24
• The privatisation of SAA is set to take some time as the airline emerges from business rescue and government provisions ensure that returning staff and creditors get paid.
  • In an interview with RSG Geldsake, public enterprises minister Gordhan stressed that despite the government signing the agreement with Takatso Consortium for the sale of a 51% stake in SAA, the transaction is not yet finalised. Regulatory hurdles still need to be overcome to complete the process. - Moneyweb