January 31, 2020 / 8:45 AM / a month ago

Eskom CEO appoints board for planned division into 3 units

JOHANNESBURG, Jan 31 (Reuters) - Eskom’s new chief executive Andre de Ruyter said on Friday he was in the process of appointing boards for the state power utility’s planned division into units for generation, transmission and distribution.

Eskom produces more than 90% of South Africa’s electricity, but its ailing fleet of coal-fired plants have struggled to keep up with demand, leading to periodic crippling power shortages.

De Ruyter warned that the probability of power cuts would increase over the medium term as Eskom gets on with badly-needed maintenance. He added that Eskom was seeking to refinance its debts, and so the interest charges on its balance sheet could increase. (Reporting by Emma Rumney and Tanisha Heiberg Writing by Tim Cocks Editing by Mfuneko Toyana)

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