South Africa settled to allow businesses to generate their own electricity.
South Africa made the decision due to the growing disappointment business faced as a result of the constant power outages in the country. The outages has affected economic output and weakened investor confidence in one of Africa’s most industrialized … Read More
Enel has commenced the construction of the USD 446 million Karusa and Soetwater wind farm.
According to Enel Green Power, the construction of the wind farm is expected to run for 2 years and will be located at South Africa’s Karoo Hoogland District, Northern Cape province. In addition, the tools … Read More
Eskom will cut 2,000 megawatt power from 9 a.m-11 p.m local time across the country.
Eskom instituted load-shedding after losing some of it’s generating station broken down at the same time. South Africa will face future power cuts if these issues are not well handled now.
Eskom generates 90% of … Read More
President Mnangagwa held talks with President Ramaphosa over Zimbabwe Energy issues.
President Emmanuel Mnangagwa has held talks with President Cyril Ramaphosa of South Africa toward solving the nation energy problem. The bilateral meeting was to find a lasting solution to Zimbabwe power challenges.
During the meeting, President Mnangagwa announce that … Read More
ENERGY GAINT IN SOUTH AFRICA ESKOM POSTS U.S $170 MILLION LOSS
Eskom a South African electricity public utility suffers a net loss of R2.3bn in 2018, compared with a R0.9bn profit the previous year. This statement was revealed at its financial results presentation on Monday.
The poor results were allegations … Read More
Eskom recently downgraded by rating agency Moody’s.
Eskom’s long term collective family rating has downgraded by the Global ratings agency Moody’s. The downgrade was from B1 to Ba3 with warning that the ratings remains under review.
The rating agency pegged the downgrade to Eskom’s falling liquidity and the the ability … Read More