South Africa’s indebted state-owned power utility expects running costs for its diesel-fed turbines, which are used to keep the lights on when coal-powered plants break down, to surge as it struggles to keep up with maintenance.
That would require it to spend R20.9 billion on fueling its open-cycle gas turbines in the 13 months through April next year, or almost three times what it spent in the financial year ended March last year. The utility, which supplies almost all of South Africa’s power from coal-fired plants, has subjected the country to intermittent power outages for more than a decade because it can’t meet demand.“The system is volatile and dynamic and hence this is the best indication Eskom had at the time,” the company said in response to queries, confirming the presentation. It didn’t say what fuel price it used to make its assessments in the presentation.
Even then, 25 days of power cuts should be expected as it would struggle to replenish diesel supplies fast enough and there would be financial constraints in paying for the fuel, the company said in the presentation.
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