Eskom chairman says utility's better performance isn't a fluke | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Eskom's chairman, Mpho Makwana, says blackouts have eased in recent weeks because of the change in the power utility's management structure. | News24_Business

On Friday, Eskom Generation Executive Eric Shunmagum told reporters that a series of winter storms over the past week had helped offshore wind plants boost their output, which also reduced outages.

The rand has gained 4.3% against the dollar over the last five days, the third-best performance globally, data compiled by Bloomberg show, in part due to the easing of the power crisis. Still, Eskom's so-called energy availability factor level remains below the 64% its board had targeted by this juncture and needs to be more sustained.

The chairman expects Eskom to turn a corner by 2025 and that the energy availability factor could potentially rise to 70% by then. The board is also working on a longer-term strategy for the company, dubbed the Eskom 2035 benchmark process.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mantashe: No 'just' transition at Eskom's Komati | BusinessMineral Resources and Energy Minister Gwede Mantashe has criticised the transition to renewables at Komati as not being just, given the amount of jobs lost versus those created. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Eskom defends R500m 3-month security contract, says it paid half of that amount | BusinessEskom says the Fidelity Services security contract was in line with its procurement procedure and it followed the National Treasury directives for emergency procurements. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

ESKOM LIVE | Stage 4 returns on Sunday afternoon | BusinessAll the latest news and analysis on load shedding, power and the national grid.
Source: News24 - 🏆 4. / 80 Read more »