Last week, President Cyril Ramaphosa disclosed that R100 billion would be provided by Infrastructure Fund in catalytic finance over the next decade
On Thursday, Eskom mentioned that it was planning to spend R100 billion over the next ten years, so as to expand its transmission grid.
The power utility has also developed a wholly-owned transmission subsidiary. This was disclosed by Eskom CEO Andre de Ruyter, who briefed the media on the state of the system.
Last week, President Cyril Ramaphosa disclosed that R100 billion would be provided by Infrastructure Fund in catalytic finance over the next decade.
He said it would also ramp up its investment to R1 trillion for strategic infrastructure projects.
De Ruyter said the company’s strategy would go in line with the recovery plan from the president.
“We are going to have to spend in excess of R100 billion to strengthen and expand our transmission work in South Africa over the next 10 years. This is an opportunity for us because it allows us to add capacity and it also allows us to participate in the government’s infrastructure development programme.”
He also made it known that Eskom would stabilise its maintenance as it decommissions outdated power plants.
“We have stepped up our reliability maintenance programme to the point where we now have some 14% of our units undergoing maintenance, and that is a very high number which is reflective of the seriousness with which we are tackling the reliability maintenance programme.”
