A presentation revealed during Parliament where the utility warned of a challenging year ahead due to the drop of electricity,Because of COVID-19 and Eskom needs R1 billion a week to remain stable.As it 'Unsustainable' debt burden of R480 million.
In 2020,Eskom managed its coal stock,Bring the troubled Kusile Unit 2 online.And also improved debt collection from their Municipalities.The government was able to accomplish of R49 billion in bailouts.But has still recieved and continued with financial losses,Delayed maintainance and uplanned plants breakdown ledding to a 46 days of load shedding during 2020.
Despite the decrease in Eskom's total generation between 1360 MW and 5680 MW or just 10% during lockdown level 3 to Level 5,Eskom spent a further R7.5 billion on diesel-generated power to support the Grid,during times of immense strain.
In 2021,It is expected to reduce by 30%,Only if the maintainance schedule is upheld and additional capacity.
Eskom has hope that by 2023,It going to be profitable.The Cost of savings is about R62 billion,According to Municipal.And the governments support will not be enough to get it to reach further.
In the meantime,The utility will still need to rely on very very large government bailouts to ensure that it remains operational and stays off Load-Shedding.
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