South Africa’s Eskom in trouble and cut electricity – industry demand PV
Post date: 13/02/2019 - 19:26
South African national power utility Eskom Holdings SOC Ltd. needs a cash injection by April to survive, the country’s public enterprises department warned as the struggling state-owned firm cut electricity for a fourth straight day, according to news agency »Reuters«. Eskom supplies more than 90 percent of the power in Africa’s most industrialized economy but is laden with more than $30 billion of debt. On Wednesday, the company announced to cut 3,000 MW of power from the national grid early in the morning until late night. This follows a similar cut on Tuesday and 4,000 MW on Monday, says »Reuters«.
Harmony Gold Mining Company said that it was in talks to build a 30 MW solar plant to supply power to some of its assets, in an effort to cut its electricity costs and dependence on Eskom.