2023-06-03 20:25:32
South Africa’s National Electric Power Company “Eskom” announced on Saturday the suspension of power outages until further notice thanks to improved generation capacity and lower demand, according to the company’s tweet on Twitter.
The company did not specify how long the suspension of load shedding, which feeds some 60 million South Africans with electricity, will last. The company added that it would “immediately report any significant changes.”
The electricity crisis in South Africa
South Africa is facing a deep electricity crisis that has worsened since last year, as power outages continued for more than 200 days during 2022, threatening the injection of investments into the country.
The state-owned “Eskom” has been suffering from a worsening crisis in electricity generation since 2007, but its peak was during the past two years, as the company includes a fleet of dilapidated and coal-fired power stations, and therefore it is unable to produce enough energy, forcing it to impose scheduled outages. Electrophoresis.
Eskom is also in debt following years of mismanagement and corruption. The South African government has announced that it plans to take on more than half of the company’s 423 billion rand ($23 billion) debt over the next three years to help shore up its balance sheet. and its operations and enabling it to restructure, according to Archyde.com.
South Africa still gets 80 percent of its electricity from coal, and rich countries approved a $98 billion investment plan last year in COP27 as part of an agreement for a “just transition” to clean energy.
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