Finance minister says load shedding to end within 18 months

a plan to improve energy provision that will end the need for any power cuts within the next 12-18 months, finance minister Enoch Godongwana said.

“Eventually in the next 12-18 months we will be able to say load shedding is a thing of the past. That is the target,” Godongwana said on Monday on the sidelines of the World Economic Forum in the Swiss resort of Davos. Godongwana said stage-6 load shedding would no longer be needed within about five months as facilities are revamped and measures such as demand management take effect.However, asked whether Eskom could expect to be allocated more cash for diesel to help reduce the level of power cuts, he said: “I don’t think Eskom has a diesel problem, I think Eskom has a management problem.”

Referring to a move last week by South Africa’s energy regulator to approve an 18.65% power price rise for the financial year starting on 1 April, he said: “I suspect it is going to give them sufficient resources to be able to deal with all of that stuff.”as investors worried about the power supply situation, “has proven to be resilient”, but he said South Africa needed to better communicate that it was tackling the problem.

I want to see everyone involved in this plan sign contracts with onerous penalty clauses, then and only then ...

el-oh-el

How

Show us the plan to end it!

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South Africa plans to end rolling blakouts in 12-18 months: Godongwana - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Finance Minister Enoch Godongwana says South Africa has a plan to improve energy provision that will end the need for any power cuts within the next 12-18 months. 🤣🤣🤣🤣 why not from Pravin at least? Finance Minister taking energy security? We are in trouble.
La source: SABCNews - 🏆 37. / 51 Lire la suite »