The debt owed by municipalities in KwaZulu-Natal to Eskom have increased by R818-million between March 2023 and January this year, resulting in municipalities in the province now owing Eskom R1.5-billion. The State-owned power utility supplies electricity in bulk to these municipalities, which, in turn, sell it at a profit to their customers.
State-owned utility Eskom will resume direct loadshedding for City of Ekurhuleni (CoE) customers after the city’s repeated failure to adhere to its obligations in this regard. Eskom said in a statement on February 29 that it would take over the role of loadshedding for the CoE’s customers from March 1.
Johannesburg- and London-listed diversified mining and marketing company Anglo American announced on Thursday that jointly owned renewable energy venture with EDF Renewables, Envusa Energy, has completed the project financing for its first three wind and solar projects in South Africa. The terms and structure of this non-recourse project financing are typical of high-quality renewable energy infrastructure assets. These three renewable energy projects, known as the Koruson 2 cluster of projects and located on the border of the Northern and Eastern Cape provinces of South Africa, will have a total capacity of 520 MW of wind and solar electricity generation.