No end in sight for load-shedding: Eskom warns of 18 more months

No end in sight for load-shedding: Eskom warns of 18 more months

- South Africans keep hoping that load-shedding would end and become a distant, bad memory

- However, that isn't likely to happen soon as the power utility announced load-shedding will continue for at least 18 more months

- This comes after Minister Gwede Mantashe said a new power generating company is a possible plan

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Eskom has informed the South African public that Stage 2 load-shedding will last throughout Sunday.

On its Twitter account, the embattled power utility said in a statement:

"We will replenish the emergency reserves which were utilised to supplement capacity during the week. Critical maintenance continues to be conducted on units that are currently on planned outages."

Furthermore, the statement also informed the country that load-shedding will not end soon. In fact, it is expected to last for about another year and a half.

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The continued load-shedding will see the utility conduct critical maintenance.

In addition, Eskom asked users to cut down on their electricity usage as much as possible.

This unsurprising but disappointing news comes after Minister Gwede Mantashe announced a new power generating company is in the pipeline.

Briefly.co.za reported that Mantashe called on the industry to collaborate with the government in the creation of this new entity.

We've taken a decision to start a generating company outside of Eskom. We are talking to investors.

"We need a fail-safe. That competition will also push down the price of electricity. There is going to be a separate entity to Eskom, but the issue is not Eskom or no Eskom, the issue is the security of energy supply."

Earlier, it was also reported that President Ramaphosa was accused of bullying when it came to light that there are plans to use pensions to fund Eskom.

The Public Investment Corporation and government structures are all bickering over the ANC's decision to consider moving pension funds into the sinkhole that is Eskom.

Public Enterprises Minister Pravin Gordhan recently said the move would protect the state-owned entity from job losses.

The PIC is expected to funnel large amounts into Eskom in an attempt to chip away at an R450-billion debt burden.

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Source: Briefly.co.za

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