Doomed from the start — Eskom board fails first big test

Eskom’s board has failed to meet its first major target set by government — improving the utility’s generating fleet energy availability factor to 65% by March 2024.showed that the utility’s power stations recorded an average EAF of 52.37% in the first 12 weeks of 2024, going up to 24 March 2024.One would have to factor in the last week’s performance for the average EAF up to the end of the month to definitively state the board has failed to meet the 65% target.

Pattison questioned whether the Eskom board had the power to raise capital or retire debt, and asked whether it could hire, fire, give incentives to senior management, restructure and retrench. Improving the EAF to the extent demanded from the board would require maintaining or fixing all of Eskom’s 90 generating units simultaneously.“It then has to bottom out, stabilise, and start to rise. This process will take several years,” he said.

Although Eskom’s announcement about Makwana’s resignation said it was amicable, no explanation was given for his departure.Mpho Makwana, chairman of Eskom Holdings Ltd., listens at the 2011 CERAWEEK conference in Houston, Texas, U.S., on Thursday, March 10, 2011. Photographer: F. Carter Smith/Bloomberg

Source: News Formal (newsformal.com)

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