Plan to address Eskom challenges afoot
A Nine Point Plan is set to go a long way in turning the fortunes of Eskom around at a time when the utility is facing major challenges, its Group Chief Executive Officer Phakamani Hadebe said on Friday. “Eskom has undergone trying times, during the past couple of years... Read more
Energy Minister signs 27 renewable energy projects
Energy Minister Jeff Radebe has officially signed 27 renewable energy projects, setting the path for diversified sources of energy to enter the energy mix. “It is with great pleasure that I announce the signing of the agreements for the 27 projects procured under the Renewable Energy Independent Power Producer... Read more
Eskom can turn the corner, despite challenges
While Eskom faces many challenges, newly appointed Eskom interim Group Chief Executive (GCE) Phakamani Hadebe is confident that the power utility can turn the corner. “I am confident that Eskom can turn the corner. The challenges at Eskom are less about core operational issues,” said Hadebe. Briefing reporters at... Read more
Government to appoint new board for Eskom
The government will appoint a new board for power utility Eskom, Finance Minister Malusi Gigaba said on Wednesday. Tabling the Medium Term Budget Policy Statement (MTBPS) in Parliament, Minister Gigaba said the new board will be appointed before the end of November 2017. He said the government is concerned... Read more
Eskom takes action to recover funds paid to McKinsey, Trillian
Eskom is taking action to recover funds that were paid to McKinsey and Trillian. In a statement on Thursday, the power utility said it has written to the two companies explaining the action it would take. Eskom requested their cooperation in the matter. “Eskom sought McKinsey and Trillian’s cooperation... Read more
Eskom refutes allegations against acting new group executive
Eskom has expressed concern at media reports on its newly appointed interim Group Chief Executive, Sean Maritz. “We have noted with concern recent media reports with unsubstantiated allegations against Maritz. We plead that he be given a chance to lead Eskom,” said the power utility on Sunday. The media... Read more
Eskom appoints Sean Maritz as interim group chief exec
Sean Maritz has been appointed as Eskom’s interim Group Chief Executive. In a statement on Friday, the Eskom Board announced that it has decided to rotate the current executives this role to ensure exposure. “The Eskom Board would like to announce that Sean Maritz, Eskom’s chief information officer (CIO) and... Read more
Eskom welcomes Nersa decision
Eskom has welcomed Nersa’s approval of the consultation process for the power utility’s 2018/19 revenue applications. On Thursday, the power utility said its year-price determination (MYPD 3) cycle comes to an end on 31 March 2018. The National Energy Regulator of South Africa (Nersa) gave its approval for Eskom... Read more
Eskom Trillian deadline on Friday
Power utility Eskom has until August to heed Minister of Public Enterprises, Lynne Brown’s instruction to clarify its business association with Trillian Capital Holdings. Eskom was initially supposed to submit this report on Thursday but the Minister extended the deadline, saying she wanted additional information. “The Minister … has asked... Read more
Investigations at the centre of Eskom board meeting
The board of Eskom met on Tuesday to discuss progress on various investigations. “ Eskom Board met today and deliberated on progress in regard to the various investigations and disciplinary processes underway. The ‘Technical Review’ matter will attract a charge against the responsible individuals once the facts have been... Read more