Power utility Eskom has given its latest load shedding update, laying out the expected schedule through to Wednesday (2 November).
Stage 2 load shedding will be implemented from 05h00 on Monday until 05h00 on Tuesday. Stage 2 load shedding will then be implemented during the evening peaks from 16h00 until midnight on both Tuesday and Wednesday.Stage 2 – 16h00 to 00h00Eskom will publish a further update on Wednesday afternoon, or as soon as there are any significant changes.
The group currently has 4,886MW on planned maintenance, while another 13,792MW of capacity is unavailable due to breakdowns.Although the full quantum of the debt takeover by the National Treasury is not yet known, Godongwana said it would be between one- to two-thirds of total debt, giving a range of R130 billion to R260 billion.
Amid these debt takeover formalities, South Africa has secured $500 million to aid its just transition from coal to renewables. The Climate Investment Funds – a multilateral climate fund affiliated with the World Bank – had approved the funding.
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