ESKOM might struggle with diesel due to Russia-Ukraine tension: Are we using this as an excume for ESKOM troubles

Loading player...
Embattled Eskom will in the near future approach the market for gas to run its diesel-gobbling open-cycle gas turbines (OCGTs).
This was announced on Wednesday at an emergency media briefing, shortly after the utility told the country that it will be subjected to Stage 4 load shedding until 05:00 on Friday (March 11). Thereafter Stage 2 will apply until 05:00 on Monday (March 14).

Eskom has been in a battle to keep the lights on since the start of the week due to “multiple generating unit failures over the past 24 hours”.
At first it anticipated that Stage 2 load shedding, which lowers demand by 2 000 megawatts (MW), would suffice to stabilise the power system if limited to the hours between 21:00 and 05:00 on Monday and Tuesday night.
The situation however deteriorated as more of its poorly maintained coal-fired units tripped.

Constraints.

According to Eskom head of generation Phillip Dukashe the availability of the coal-fired fleet dipped below 60% with more than 20 000 MW out of service.

On Wednesday morning Eskom chief operating officer Jan Oberholzer told journalists that Eskom is using its emergency reserves faster that it is able to replenish them.
“Stage 4 load shedding will therefore give us the space required to replenish the emergency reserves and continue to manage the system safely,” Eskom said in a statement.
The emergency reserves are pump-storage schemes and the OCGTs. Eskom utilised all 20 of its own OCGT units for an extended time on Monday and Tuesday, Oberholzer said.
10 Mar 2022 3AM English South Africa Business News · Investing

Other recent episodes

The Mental Health Cost of Financial Stress

Financial stress has emerged as one of the biggest threats to South Africans' mental wellbeing. Dr Rachel Moore, Chief Medical Officer at Mediclinic Southern Africa, discusses the psychological impact of economic pressure, barriers to accessing mental healthcare and what can be done to reduce stigma and improve support.
22 Oct 2PM 12 min

KPMG Africa CEO Outlook: Confidence vs Execution

African CEOs remain confident about growth despite geopolitical tensions, economic uncertainty and disruptive technological change. Tola Adeyemi, CEO of KPMG One Africa, unpacks why execution has become the defining leadership challenge, and why many organisations are still struggling to keep pace with artificial intelligence
22 Oct 1PM 20 min

South Africa’s Economic Report Card After the MTBPS

Finance Minister Enoch Godongwana's Medium-Term Budget Policy Statement paints a mixed picture of South Africa's economy. Revenue collection is outperforming expectations, and fiscal stability appears to be improving, yet growth forecasts have been downgraded amid infrastructure constraints and global risks. Dr Nwabisa Kolisi of the HSRC unpacks what the MTBPS…
22 Oct 12PM 9 min

Clicks Crosses R50bn: Growth Through Scale

Clicks Group has become a R50 billion turnover business, cementing its position as one of South Africa's retail success stories. CEO Bertina Engelbrecht discusses the drivers behind the milestone, changing consumer behaviour, pharmacy-led growth and how the retailer plans to expand while navigating a tough consumer environment.
22 Oct 12PM 15 min

Strong Cash Flow, Softer Profits: Inside Famous Brands' Interim Results

Famous Brands delivered a resilient performance in difficult trading conditions, growing revenue and more than doubling free cash flow while navigating consumer pressure and global uncertainty. CEO Darren Hele discusses cash generation, expansion plans, shareholder returns, challenges in key regional markets and what current trading conditions reveal about South African…
21 Oct 1PM 14 min