Appointment of CEO brought new level of stability to Eskom,
Minister of Electricity Kgosientsho Ramokgopa says the appointment of Dan Marokane as CEO has brought stability to the troubled utility.
Marokane took over CEO at the start of March.
Ramokgopa briefed the media on the implementation of the Energy Action Plan on Monday morning.
"There are greater levels of stability at Eskom now since the appointment of the permanent CEO, Dan Marokane, and of course, the leadership of the board essentially trying to ensure that there's a consolidation of reports, their findings and recommendations,” said Ramokgopa.
Ramokgopa also addressed the report by the VGBE consortium, which was asked by National Treasury to assess Eskom’s operations at its coal-fired power stations from March to May 2023.
"The National Treasury has provided significant fiscal injection to Eskom, so I think Treasury wanted to have the basis of interrogating the deployment of that capital relative to what the report would have generated, so I think that is what the report was really seeking to do.”
The minister said the R254 billion bailout for Eskom will focus on maintenance.
"When we went into the period of December/January, 18% of our generating capacity was out on planned maintenance, so essentially, we are not taking any shortcuts to ensure there's greater investment in maintenance.”
The country's power cuts are currently rotating between stage 2 and suspension until further notice.
ALSO READ:
