Power Crisis

Limited power for mines to 2012

2008-02-14 10:20

Special Report

Eskom may seek 34% tariff hike

Eskom is set to seek a 34% hike in electricity tariffs, back from the 88% rise it had been considering due to the global economic slowdown, a newspaper says.

Quick Links

Quick links

Johannesburg - South Africa's state-owned power utility will not be able to supply mines and other industrial customers with more than 90% of their electricity needs until 2012, Bloomberg reported on Wednesday.

Eskom, which supplies most of the nation's power, said last month it could not guarantee electricity to industry, prompting many large mines to shut for five days. The utility has since agreed to provide 90% supply to industrial customers.

In an interview with Bloomberg on Tuesday, Eskom finance director Bongani Nqwababa said the restrictions were unlikely to be lifted until the first new coal-fired power plants start up in 2012.

Eskom officials were not immediately available for comment.

Eskom plans to spend about R300bn over five years to upgrade its infrastructure and improve power generating capacity in the country, which was hit by a wave of rolling blackouts last month.

South African President Thabo Mbeki and other senior ministers have apologised for the power crisis amid accusations that they ignored repeated warnings that the country would face electricity problems.

There are fears that the crisis could dramatically slow economic growth in South Africa.

- Reuters

- Reuters

NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

 

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

2DAYS ONLY – 30% off Appliances

Coffee makers, blenders, fans, juicers and more. T&Cs apply. Shop now!

2 DAYS ONLY – 40% off books

Get 40% off when you buy 2 books. For two days only! T&Cs apply. Buy now!

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

The energy today is serious, materialistic and hardworking. You may find you get a new outlook on things and you may want to spend...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.