Sboll is Your Go-to Source for the Latest Finance News, Covering Markets, Banking, Investments, Economy and Stocks.
⎯ 《 Sboll • Com 》

South Africa’s Eskom Resuming Power Cuts to Replenish Reserves

2023-10-29 20:47
Power cuts in South Africa will resume on Sunday as state-owned utility Eskom Holdings SOC Ltd. looks to
South Africa’s Eskom Resuming Power Cuts to Replenish Reserves

(Bloomberg) --

Power cuts in South Africa will resume on Sunday as state-owned utility Eskom Holdings SOC Ltd. looks to replenish emergency reserves ahead of anticipated cold weather.

A so-called Stage 2 loadshedding will be implemented from 4 p.m. local time on Sunday to 4 p.m. on Monday, the utility said in a statement on X, formerly Twitter. A Stage 3 loadshedding will then start and run until 5 a.m. local on Tuesday before Stage 2 loadshedding resumes again. This pattern will be repeated daily until further notice, Eskom said.

Read more: Eskom CEO Says Plans to Shut Down Old Plants Must Be Delayed

Breakdowns are currently at 16,150 megawatts of generating capacity, while capacity out of service for planned maintenance stands at 5,950 megawatts. Eskom’s load factor for evening peak demand is 24,824 megawatts; Monday’s peak demand is expected at 27,557 megawatts.

“After nine days of good generation and no loadshedding, it is necessary to replenish emergency reserves ahead of the anticipated cold weather that will increase the demand for electricity over the next few days,” the company said.

Read more: World Bank Grants South Africa $1 Billion Loan For Energy Reform

To view the source of this information click here