Eskom is only speaking about the billions it needs to be lifted out of its debt, but it also needs more money to carry out its maintenance of current infrastructure.
Energy analyst, Ted Blom says that this raises concerns about where the financial support will come from.
He was speaking as a multi-departmental panel outlined the immediate plans that will address the country’s energy crisis.
This included the environmental department, which will look at the feasibility of new energy plants.
But the continued vandalism of resources is also taking its toll on Eskom, and eating into its finances.
Blom says that Eskom’s plans to transition to renewables is not feasible.
He contends that China’s energy transition period extends to 2060, yet South Africa wants to complete it within five years.
Eskom has meanwhile warned that Stage 2 load shedding may be implemented at short notice during the evening peak over the next three days.
Spokesperson, Sikonathi Mantshantsha says that the delay in returning a generation unit to service at the Arnot, Kusile and the Koeberg power stations, and the failure of a generation unit each at three other power stations has contributed to the strain on the power grid.
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