It has been reported that Eskom will most likely receive a $480-million (R6.9-billion) loan from BRICS' new development bank (NDB).
Why does the Medupi plant need a financial injection? As reported by IOL News, the power utility has processed a loan application with the NDB to inject the much-needed funds into one of the two most troublesome power plants in South Africa Medupi.
Read Pravin Gordhan's dig at Trump illuminates gloomy Eskom briefing
This plant, as well as the Kusile power station, have cost the power utility billions of rand since they were launched into the grid.
At its peak performance, Medupi has the capability of converting 4 800MW of energy into the power system.
Replenishing and powering generator units However, major design flaws have hampered the power plants' potential and thus, South Africa continues on the brink of a total collapse of its power utility.
Currently, Medupi only has three out of six generator units in operation, all of which are not performing at optimum levels.
Read Pravin Gordhan and Eskom shed light on grim state of power utility
The money, Eskom revealed, would go a long way into commissioning all six units and upgrading on the much-needed equipment.
Reducing sulphur dioxide emissions It will also allow the energy provider to reduce the plant's emission of sulphur dioxide to be within the requirements South Africa is meant to adhere to.
According to the Journal of Energy in Southern Africa (Maseapei Elizabeth Girmay, Delson Chikobvu: 2017), sulphur dioxide is a precursor to acid deposition (including acid rain) and secondary particulate matter formation, and is also toxic
What is the current state of Eskom? On Tuesday, Public Enterprises Minister, Pravin Gordhan, together with Eskom's executives including board chairperson Jabu Mabuza held a press briefing where it was revealed that the country is struggling to meet the electricity demand.
Read Double trouble: Load shedding is now causing water cuts in Johannesburg
Since Friday, 15 March, the power utility's systems operator, Bernard Makgoro, has been running a load shedding schedule, where on many occasions, he was forced to implement stage 4 load shedding to feed 4 000MW back into a 45 000 MW-capacity grid.
This stage of power cuts is expected to remain until at least Wednesday, Gordhan admitted.
Tags: BricsEskomload sheddingSouth Africa
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It has been reported that Eskom will most likely receive a $480-million (R6.9-billion) loan from BRICS' new development bank (NDB).
