Three more stages may be added to load-shedding if Eskom runs out of diesel at gas turbines: Fuel prices have soared in response to Russia’s invasion of Ukraine, putting South Africa’s power supply at risk
it would move to stage four load-shedding from 9am, which is set to continue until 5am on Friday — the result of additional generating units failing.
Eskom generation group executive Phillip Dukashe said rainy weather in parts of the country adds to the risk of load-shedding but the utility’s rain-readiness plans have mitigated the prospect of wet coal.Russian By Wednesday crude futures were priced at $126 a barrel in the wake of the decision by the United States to impose an immediate ban on Russian oil and other energy imports. Britain said it would phase out Russian oil imports through to the end of 2022.Calib Cassim
Cassim said Eskom, which has a R3-billion budget for its open-cycle gas-turbines, is looking for options to hedge its diesel prices. “I guess the timing couldn’t be worse, but we have already started those discussions.”
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.
Eskom bondholders signal alarm as Ukraine war boosts fuel costs | Fin24The premium investors demand to hold Eskom’s 2028 dollar bonds has widened to a 15-month high.
Read more »
Eskom keeping close eye on fuel prices as it feels impact of rising costsThe war between Russia and Ukraine has seen fuel prices reach record highs.
Read more »
Eskom bondholders signal alarm as Ukraine war boosts fuel costsThe surge in oilprices is raising alarms for bondholders of electricity company, Eskom. Moneyweb UkraineRussiaConflict
Read more »
Load-shedding is back: Eskom announces stage 2 cuts from 9pmStage 2 rotational power cuts will be in place from 9pm on Monday night, embattled power utility Eskom said.
Read more »
LIVE | Eskom gives a system update as Stage 4 load shedding hits SA | Fin24Eskom is updating SA on the state of the power grid after load shedding jumped to Stage 4 on Wednesday morning.
Read more »