Eskom plans to spend 18.2% more on independent power producers in the next five years: Power utility will buy significantly more electricity from IPPs as they come onto the grid, outgoing chief executive De Ruyter tells NCOP
The power utility appeared before the National Council of Provinces on Tuesday afternoon on its immediate to medium-term solutions to load-shedding and its budget for maintenance compared to independent power producers.
However, the company’s turnaround plan to recover its energy availability factor from the current estimate of 58% to 60% by the end of the current financial year will not be achieved, said De Ruyter. “The minute we do that, we will significantly impact the reliability of the plant going forward, and this is what has happened in the past. If we allow this to happen again, the situation will just become worse.”
De Ruyter told the NCOP that the utility projects an increase of 18.2% in its spend on independent power producers over five years. Eskom recorded a major increase in its spend on“We will buy significantly more electricity from IPPs as they come onto the grid,” noted De Ruyter. , it is not cutting on its budget for repairs and maintenance as it has gone up “quite substantially” from 2020.
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