Eskom seeks additional funding for grid expansion - SABC News

Electricity Minister Kgosientsho Ramokgopa says Eskom needs more funding to expand the power grid.

. Addressing the media on Sunday on the progress made in implementing the government’s energy plan, he says more needs to be done to improve the reliability of the grid.

“The Eskom balance sheet is not in the position to finance the kind of expansion that is required in both the scale and the speed at which we need to respond to the needs from the transmission side. The Eskom balance will not be enough to support that, and of course, we need to think creatively around how is it that we will be doing to address that.”Ramokgopa says his team is working closely with the Gauteng government to co-ordinate a stable electricity supply.

“Gauteng accounts on average about 25% of the load. So the interventions that are made in Gauteng do matter. The weather situation in Gauteng does matter. When you are not able to have the benefit of PD when is cloudy and the demand is rising. I think it has a negative impact on our ability to provide the megawatts because if you do the totality of the megawatts available, we are also drawing from the renewables.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SABCNews /  🏆 37. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa aims to unlock 13GW in grid expansion planSouth Africa will prioritise the expansion of its electricity grid, said electricity minister Kgosientsho Ramokgopa.
Read more »

'Extremely worried': Electricity minister escalating Koeberg life-extension delay to Eskom board | BusinessRamokgopa has expressed anger about the delays in refurbishing nuclear power plant Koeberg, saying that even after a visit there this past week he was 'none the wiser' about when unit 1 would return to service and what was really going on.
Read more »

WATCH: Electricity Minister gives update on energy action planElectricity Minister Kgosientsho Ramokgopa is expected to give South Africa an update on the energy action plan.
Read more »

[LIVE]: Electricity Minister media briefing on Energy Action Plan - SABC NewsThe Minister of Electricity Kgosientsho Ramokgopa briefs the media on the progress regarding the security issues on the implementation of the Energy Action Plan.
Read more »

Koeberg: Electricity minister ‘worried and extremely upset’If the planned outages for the life extension projects of both units at Koeberg overlap the grid will lose the equivalent of two loadshedding stages. Moneyweb Eskom
Read more »