Eskom chairman Mteto Nyati reveals the strategy the company took to ease load-shedding, the unbundling of the firm and plans to reduce debt.
Eskom chairperson Mteto Nyati speaks to ITWeb news editor Admire Moyo about how the power utility is working to keep the lights on and when he expects the firm to start making profits. Nyati also reveals his leadership style as well as what motivated him to pen his book “Betting on a Darkie”. #itwebtv #eskom #loadshedding
“No, we took the time as the new board; we invited the power station general managers and we listened to them. That’s when we began to see the trends and started to see the systemic issues that were affecting the business. “The next question was: did we have the people to fix these machines when we take them down for maintenance? We realised we did not have all of the people we needed, and decided to have discussions with the original equipment manufacturers so that they could partner with us in executing.”The other issue, according to Nyati, had to do with restating employee incentives. “We realised all of the incentives had been removed by government because the company was not performing.
“If you look at the current financial year, starting on 1 April, the budget for diesel is less than half of what we spent last year. Last week, the Electricity Regulation Bill was passed through the National Council of Provinces, ending Eskom’s 100-year monopoly in the power sector.
Mteto Nyati Load-Shedding Energy Security Bheki Nxumalo Open-Cycle Gas Turbines Energy Availability Factor EAF Eskom Unbundling
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