These big companies and municipalities in South Africa want to ditch Eskom

Jan

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These big companies and municipalities in South Africa want to ditch Eskom

The power situation in South Africa appears to be worsening, with the country experiencing double as much load-shedding in 2022 than last year, which was already a record-breaker.

As a result, many prominent companies and municipalities in South Africa have embarked on projects to eliminate or reduce their reliance on the country's national power grid.
 
However, this could also negatively impact Eskom as it won’t generate as much revenue as before, further affecting its ability to complete necessary maintenance at its power stations.

You can't make revenue of electricity you don't have to sell! And not having to run OCG to generate electricity at a loss is also a big win!

I think this will influence Eskom positively. Yes it's revenue might decline, but most likely it's profitability and balance sheet will get better. It certainly does not have the balance sheet to build new power to replace the power stations reaching end of life. And the Transmission Co will have its time to shine!
 
In February 2022, the City of Ekurhuleni signed 46 independent power producers who will ultimately provide the municipality with 150 and 680 megawatts of additional power from renewable energy sources.
Have Cape Town signed any contracts yet? Less lip smacking more pen to paper please.
 
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