An energy analyst said with an energy efficiency factor already below 29%, Eskom management should be panicking.
Eskom reported a loss of almost R24 billion in the financial year ended 31 March 2023. Photo: Gallo Images
In the past couple of months, the power utility has exceeded initial expectations due to the rapid increase in solar power installations, reduced power station malfunctions, improved availability of diesel and the reactivation of certain units at the Kusile coal-fired power plant.However, Eskom’s financial figures for the year ended March, revealed qualified audit figures for the year and painted a bleak picture.
“Based on the geochemical properties of that coal stockpile, we are going to witness what is called spontaneous combustion, meaning the coal is just going to go up in smoke. Money is going to be burned – literally.”Ghaleb Cachalia, Democratic Alliance shadow minister of public enterprises, said in a statement that by getting another qualified audit, Eskom had once again proved it had no plan to stop the bleeding.
“Load shedding is shaving off almost 10% of sales, hence revenues, from a business that is at least 60% fixed-cost business.“It easy to see why the continuous burning of diesel to run the open-cycle gas turbines is not a sustainable long-term solution to fix
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