S&P upgrades Eskom’s outlook
put Eskom’s debt assessment on positive watch, meaning it may upgrade South Africa’s state-owned power utility.
Moody’s Investors Service raised its outlook on Eskom ratings to positive for the first time in 15 years Meanwhile, Eskom will implement stage-3 load shedding — in which 3GW is removed from the national grid — from 5am until 4pm starting Wednesday, according to a statement on Twitter. The utility will still cut 4GW in the afternoons and at night this week.
The reserve margin is the difference between net system capability and peak demand and provides for unforeseen faults, which could lead to a mismatch between demand and supply of power, and a collapse of the grid.The government has contingency plans in place to safeguard key food production facilities against an escalation in power cuts, the agriculture minister said.
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