Eskom confirmed on Friday that it had decided to extend “at risk”short-term electricity purchases from independent power producers (IPPs) and municipal generators to the end of May, despite not having received regulatory approval to do so. However, it was still in discussions with government about securing the necessary financial resources to continue with the contracts after May.
The contracts were initially terminated in December, owing the utility’s perilous cash-flow position – a move which raised much concern in light of the country’s “tight” electricity balance.
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The contracts were initially terminated in December, owing the utility’s perilous cash-flow position – a move which raised much concern in light of the country’s “tight” electricity balance.
Read more....
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