Eskom estimates that global price impacts could see it spend over R15 billion on diesel this financial year. Since January 2022, South Africa has experienced 32 days of load shedding, outnumbering that over the same period last year. | Fin24
Eskom has relied extensively on Open Cycle Gas Turbines powered by diesel to meet electricity demand.
While load shedding has persisted for 14 years, CEO André de Ruyter warned against accepting it as the"new normal". During the briefing, De Ruyter reiterated that to address load shedding, new generation capacity - between 4 000 MW and 6 000 MW - of power must be added to the grid. But in the current financial year, Eskom expects diesel spending to exceed R15 billion - influenced by global price surges.
"We tried our best to quantify what the impact may be. It is between R15 billion and R20 billion, currently in the financial year," said Oberholzer.
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