Eskom’s R321bn capex plan has strong focus on grid, renewables and gas

State-owned electricity producer Eskom has unveiled details of a R321.72-billion capital expenditure (capex) plan for the coming five years, which includes plans for a material rise in grid-related investment, alongside new renewables and gas-to-power projects. In a presentation of its corporate plan to the Portfolio Committee on Electricity and Energy, Eskom indicated that R133-billion, or 41.2%, of its capital budget for the 2026 to 2030 financial years would be spent by the National Transmission Company (NTCSA).