Kgosientsho Ramokgopa, Electricity and energy minister, has warned that Eskom is 'at risk of collapse' if its debt problem is not addressed, referring to South African municipalities that owe Eskom R78 billion, which is also increasing at 'an alarming rate'.
Kgosientsho Ramokgopa, Electricity and energy minister, has warned that Eskom is ‘at risk of collapse’ if its debt problem is not addressed, referring to South African municipalities that owe Eskom R78 billion, which is also increasing at ‘an alarming rate’.
Because of the current debt trajectory owed to Eskom, this threatens the power utility’s future existence, according to Ramokgopa. In addition, the rising municipal debt burden is ”the most urgent task’ Eskom is currently confronting. Load reduction is only implemented in areas when the demand is ‘higher than the infrastructure can handle’.
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