South Africa’s state power utility said it should be able to avoid instituting electricity cuts this winter thanks to a marked improvement in the performance of its plants, while highlighting longer-term supply risks and mounting overdue debt as key concerns.
Eskom projects no outages between April and August, and should be able to maintain about 6 gigawatts of surplus generation capacity during peak usage times, Chief Executive Officer Dan Marokane said in an interview on Wednesday.
Businesses and households had to contend with energy shortages for years before Eskom stabilised the system, crimping output and weighing on the rand and government bonds. The utility’s upbeat winter outlook is the latest sign that Africa’s biggest economy may have turned the corner and that a rally in the nation’s assets, which was interrupted by the war in Iran, may still have some way to run.
The so-called energy-availability factor from Eskom’s plants
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