Eskom said it has “marginally exceeded” its diesel budget for the 2023/24 financial year, with the additional funding coming from other savings in the business.
Eskom overspent on diesel for its open-cycle gas turbines in the 2023/24 financial year, saying it “marginally exceeded” its budget.
In May 2023, electricity minister Kgosientsho Ramokgopa said Eskom’s diesel budget would run out before the financial year ends on 31 March 2024. According to its budget for the financial year, Eskom had R19.5 billion assigned for diesel for its own OCGT plants and R8.4 billion to buy power from IPP-owned OCGT plants.
To put this into perspective, this is enough to fill more than 1.3 million Toyota Fortuners a month, which have 80-litre tanks, or 44,150 per day.new low for FebruaryThis could result in the power utility burning more diesel in OCGTs in the coming months to compensate for the underperformance of its coal-powered fleet.
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