Eskom cuts power, sees tight supply this week

First rolling blackouts for in more than a month.
South African power utility Eskom Holdings imposed rolling blackouts for the first time in more than a month, cutting 1,000 megawatts from the grid on Monday, and said supply will be tight every evening this week.

The electricity outages lasted more than two hours until 9:10 p.m. local time on Monday amid an increased demand for power and as Eskom performs maintenance on generating stations, the company said in an e-mailed statement.

“The power system will be tight, particularly over the weekday evening peak periods from Tuesday to Friday,” Eskom said in a statement. “We will continue to monitor the situation, and should it be necessary to implement load- shedding, we will communicate this.” Controlled power outages are locally known as load-shedding.

The utility, which supplies about 95% of electricity in Africa’s most industrialised nation, is struggling to meet demand after years of underinvestment and delays in completing new plants.

While the utility was forced to impose about 100 days of managed outages this year, none had taken place since Aug. 8.

©2015 Bloomberg News

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   0

You must be signed in to comment.

SIGN IN SIGN UP

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: