Eskom seeks to buy 1 000 MW of existing electricity as it declares Stage 6 and warns of another …

Eskom aims to approach the market imminently with an offer to buy up to 1 000 MW of surplus electricity that it believes could be immediately available from existing independent power producers (IPPs) and large companies with their own generation capacity, such as Sasol and Sappi. CEO André de Ruyter reported on Sunday that Public Enterprises Minister Pravin Gordhan had given the utility permission to approach the market on an urgent basis, but he also indicated that the proposed purchases had not been canvassed with or approved by the National Energy Regulator of South Africa (Nersa), which will host public hearings this week on Eskom’s request for a 32% tariff hike in 2023.