Many more 💸billions in ⛽diesel will have to be 🔥burned (R30 billion). 💡Eskom will focus on its five worst-performing 🏭power stations. Some additional power will be imported. Full story here➡️
The R30 billion for diesel procurement seems to be a figure plucked out of thin air.
To fund the R30 billion – easily at least 50% more than was spent on diesel in its last financial year, Ramokgopa says Eskom will use funds from the 18.65% tariff increase approved byand those allocated to it in February’s budget. It remains to be seen whether Eskom’s budget allows it to spend this money on ‘emergency’ primary energy costs .
Towards the end of its financial year, once it had burned through its entire R11 billion budget, Eskom was scrounging for whatever millions it could find to buy diesel.“found” 50 million litres at Petro SA. The exact method of funding this remains opaque after National Treasury denied Eskom’s requests for additional funding for diesel. Now suddenly, there’s R30 billion available.
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