Ex-Eskom CEO Andre de Ruyter gives his views on South Africa’s big break from load shedding – and what he thinks will become of the utility in the future.
Former Eskom CEO Andre de Ruyter says the respite from load shedding is due to Eskom burning diesel “at a rate of knots,” adding that the private sector will largely take over electricity generation in the country.
He explained that previous management had to be very cautious and economical in using diesel, knowing their limited resources. However, the current budget for diesel this year under new management is R24 billion, which is“Therefore, if the lights are on, it is because they are pouring a considerable amount of money into diesel at a rate of knots,” he said.
He pointed out that Eskom burned far less diesel in April compared to the same time last year, instead attributing the lower levels of load shedding to improved performance from long-term maintenance initiatives bearing fruit.While there are many theories about the uninterrupted power supply—including that it is an election ploy by the ruling party and that Eskom is burning more diesel—economist Roelof Botha dismissed these.
If given the opportunity, the private sector will be able to supply electricity to South Africa more efficiently and cheaply than Eskom currently does.
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.
André de Ruyter behind lower load-shedding — economistEconomist Roelof Botha argues that the current load-shedding respite is a result of André de Ruyter’s work at Eskom.
Read more »
Say goodbye to Eskom as you know itFormer Eskom CEO André de Ruyter says the private sector will replace Eskom and take over electricity generation in South Africa.
Read more »
Cartoon Thursday with RicoDefend Truth
Read more »
Tesla earnings a 'moment of truth' for Musk after stumblesTesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to decline.
Read more »
Joslin Smith’s Grandmother Pleads With the Little Girl’s Mom to Tell the TruthJoslin Smith’s paternal grandmother, Lauretta Yon, hoped Kelly Smith and her co-accused would reveal the location of her missing six-year-old granddaughter.
Read more »
Another long walkDefend Truth
Read more »