Total Eskom blackout danger — insurance companies calculating the costs

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A total Eskom blackout is no longer a distant possibility, and South African insurers are calculating the cost should it happen. But there are also a few easy things government can do to solve load-shedding.

The state of Eskom’s generation fleet has insurers worried about a potential total blackout. However, there are several short-term solutions government can implement swiftly to bring the utility back from the brink.

Eskom’s latest 52-week load-shedding outlook showed a likely risk scenario of a shortfall in supply of 2,001MW or more for 48 out of 52 weeks, a sign of severe load-shedding in the coming months. “At the moment, Eskom can’t deliver because it doesn’t have enough available generation capacity,” Yelland said.

One of the clearest examples of this is the risk mitigation IPP procurement programme , which has suffered substantial delays and is likely to see less than half of its intended 2,000MW of generation capacity come online on time.

 

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