Electricity Minister Dr Kgosientsho Ramokgopa, says the huge debt that municipalities owe Eskom is hampering its ability to function at full capacity.
Speaking during a weekly briefing on the implementation of the Energy Action Plan on Sunday, Ramokgopa says the municipal bill’s erosion of Eskom’s financials is making it difficult for it to respond to the failure of some substations and transformers.
“The top 20 municipalities alone they account for 77% of that debt, about R48 billion and the growth of this debt year to date is about R4.7 billion. So it means that we are adding more and more debt to Eskom and undermining Eskom’s ability to invest money in the generation, the transmission and also distribution.”In June The National Council of Provinces approved Eskom’s Debt Relief Bill by 30 votes against 18, with no abstentions.
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.
Church of Eskom board chair owes over R2 million in unpaid electricity billsThe Sunday Times reports that Eskom board chair Mpho Makwana’s church, the International Pentecostal Holiness Church (IPHC), owes Eskom over R2 million in unpaid bills.
Read more »
South Africa reaffirms its commitment to supplying electricity to NamibiaDr Kgosientsho Ramokgopa, South Africa's minister of electricity, pledged the country's commitment to continue supplying electricity to Namibia during a media briefing held in Windhoek.
Read more »
LIVE: Electricity Minister media briefing on Energy Action PlanElectricity Minister, Dr Kgosientsho Ramokgopa, is giving an update on the government’s implementation of the Energy Action Plan. Live stream below: Share article
Read more »
EDF Africa chief: ‘Subsidising electricity for everyone does the economy a disservice’Valérie Levkov, EDF’s vice president for Africa, the Middle East and the Eastern Mediterranean, speaks about the challenges facing the continent and the role of renewable energy in its future.
Read more »
Eskom announces load-shedding schedule for the weekendEskom will continue to implement Stage 1 load-shedding during the day and stage 3 load-shedding at night until further notice.
Read more »