While Eskom is building two new plants, Medupi and Kusile, they are running years behind schedule and billions of rand over budget.
File: Earlier this year, power utility Eskom implemented load-shedding due to a shortage of capacity.
Eskom Holdings SOC Ltd., which supplies almost all the nation’s power, will lose more than a quarter of its current generating capacity over the next decade as it shuts aging coal-fired plants. Replacing that output and adding capacity needed to meet rising demand will take years and cost more than R1trn , according to government estimates. The problem is likely to worsen exponentially after 2030 as more plants reach retirement age.
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