Eskom says that it has surpassed all expectations and is now capable of meeting any increase in demand between now and 2021.
Presenting a status update on Tuesday, Chairperson Baldwin Ngubeni praised the ‘turnaround’ accomplished by former CEO Brian Molefe.
He further talked-up the hard-work and dedication of Eskom’s employees, as well as the influence of newly-appointed CEO Matshela Koko. “Through their remarkable tenacity and capabilities, the company has turned things around to deliver solid and sustainable financial and operational performance,” he said.
Eskom now says that it is producing an average surplus of 3 600MW, with a backup supply of another 2 000MW.
Electricity exports are also up by 25%, says Koko, while 162 104 new customers have been added to the grid during the previous nine months.
Clarifying the parastatals ongoing dispute with several defaulting municipalities, Koko confirms that a total of R979-million has been recovered, with several payment agreements now in place.