Peroshni's Feed
Apr 17, 2015

Blackout-hit South Africa parachutes in expert to fix utility Eskom

JOHANNESBURG, April 17 (Reuters) – South Africa appointed
veteran public service expert Brian Molefe as acting CEO of its
struggling power utility firm Eskom on Friday in an attempt to
help keep the lights on in Africa’s most advanced economy.

Limited and unreliable electricity is a major drag on
already slow South African economic growth and an irritant for
households and businesses alike: on Friday for the sixth day
running Eskom had to impose rolling blackouts in order to
prevent its creaking grid from collapsing.

Apr 16, 2015

South Africa power cuts persist, utility races to fix plants

JOHANNESBURG (Reuters) – South African power utility Eskom resumed widespread electricity cuts for the fifth straight day on Thursday in Africa’s most advanced economy, as it battles to repair ageing power plants.

In one of its worst power outages in years, Eskom [ESCJ.UL] lost a quarter of its electricity supply on Tuesday in both scheduled maintenance and plant breakdowns.

Apr 14, 2015

South Africa names bidders for 1,000 MW of green power

JOHANNESBURG, April 14 (Reuters) – South Africa has named
preferred bidders for the fourth round of a series of renewable
energy projects, that will add about 1,000 megawatts (MW) of
power to its ailing grid, industry insiders said on Tuesday.

Africa’s most advanced economy is committed to introducing
green energy into its power mix, 95 percent of which is coal at
the moment, to redress its chronic electricity shortages.

Apr 14, 2015

South Africa’s Eskom to rehire fired workers at Medupi plant

JOHANNESBURG (Reuters) – South Africa’s Eskom (ESKDY.PK: Quote, Profile, Research, Stock Buzz) [ESCJ.UL] said on Tuesday it will rehire 1,700 employees fired after a strike at the Medupi power plant the utility is building, in an attempt to end a row that has hobbled construction at the facility.

The contract workers were dismissed on March 27 for vandalizing property during the one-day strike over better working conditions and higher pay. Thousands of their unionized co-workers stayed away from work on their own volition in solidarity with their fired colleagues, affecting construction.

Mar 31, 2015

Chairman of South African utility Eskom steps down

JOHANNESBURG (Reuters) – Eskom [ESCJ.UL] Chairman Zola Tsotsi has quit his post at the South African utility after growing criticism of his management, clearing the way, said a government source, for it to deal with the country’s electricity crisis without distractions.

Tsotsi resigned on Monday night before the board could vote on removing him for acting improperly by suspending the group’s chief executive and interfering in administrative issues.

Mar 31, 2015

South Africa’s COSATU expels general secretary

JOHANNESBURG (Reuters) – South Africa’s main trade union federation, COSATU, expelled Zwelinzima Vavi, its popular general secretary but a vocal critic of President Jacob Zuma and the ruling African National Congress, senior union sources told Reuters.

The decision was taken on Monday night after the Congress of South African Trade Union’s leaders decided Vavi had acted improperly by refusing to attend COSATU meetings and failing to endorse the expulsion of the National Union of Metalworkers of South Africa, the federation’s largest affiliate, sources said on Tuesday.

Mar 27, 2015

South Africa’s Eskom fires 1,000 workers as crisis deepens

JOHANNESBURG (Reuters) – South African utility Eskom [ESCJ.UL] fired 1,000 workers at a power plant on Friday and its chief executive failed to overturn his suspension, worsening the turmoil at the company.

Africa’s most advanced economy is suffering its most severe power shortage since 2008 as state-owned Eskom struggles to keep the lights on.

Mar 27, 2015

South African court rejects Westinghouse’s challenge to Eskom nuclear contract

JOHANNESBURG (Reuters) – A South African court dismissed on Friday an application by Westinghouse Electric Company to re-open the bidding process for a generator contract awarded to French rival Areva, a court official said.

Westinghouse, the world’s largest nuclear fuel producer and part of Japan’s Toshiba group, had contested South African power utility Eskom’s [ESCJ.UL] decision to award a 4 billion rand ($334 million) contract to Areva in August, saying the process was flawed.

Mar 26, 2015

South Africa’s Eskom halts work at strike-hit power station

JOHANNESBURG, March 26 (Reuters) – South Africa’s Eskom
said striking workers had destroyed property at the
Medupi power plant it is building, the state-owned group closing
the site on Thursday to assess the damage.

Labour disruption and technical faults have increased costs
at the long-delayed Medupi coal plant, expected to start
generating 800 megawatts of extra electricity by July. It would
become South Africa’s first new power station to come online in
20 years and help to address a chronic supply shortage.

Mar 12, 2015

S.Africa’s Eskom CEO suspended during inquiry into struggling firm

JOHANNESBURG, March 12 (Reuters) – The chief executive of
South Africa’s power company Eskom has been suspended
while an inquiry is held into the operations of the troubled
utility, its chairman said on Thursday.

Eskom, which provides virtually all the electricity in
Africa’s most developed economy, is facing a funding crunch as
it races to bring new power plants online and has had to stage
power cuts to prevent the grid from being overwhelmed.