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South Africa Faces Most Severe Nationwide Power Cuts in Months

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South Africa Faces Most Severe Nationwide Power Cuts in Months

By Bloomberg

Feb 10, 2024

image is BloomburgMedia_S8MQ9AT0G1KW00_10-02-2024_11-00-11_638431200000000000.jpg

Darkness surrounds residential homes due to a load shedding blackout by Eskom Holdings SOC Ltd. in the Troyeville suburb of Johannesburg. South Africa is trying to make up for more than a decade of underinvestment in power generation, which is already leading to recurring blackouts and stifling investment in the economy, which relies on energy-intensive industries such as underground mining and the smelting of chrome and aluminum.

(Bloomberg) -- South Africa is facing the most severe nationwide power cuts in months after state-owned power utility Eskom Holdings SOC Ltd. announced that it would implement so-called Stage 6 outages — taking 6,000 megawatts of demand off the grid — from midnight Saturday until further notice.

The increased power outages come even after Eskom returned two generating units to service, with the utility taking another two units offline, Eskom said in a statement on X.

“This combined with the need to replenish the pumped storage dams in preparation for the week ahead, necessitated the implementation of Stage 6 loadshedding from midnight until further notice,” according to the statement.

©2024 Bloomberg L.P.

By Adelaide Changole

1001Z:SJ AFRICA ALLTOP BUSINESS CMD COS ELC GEN GOV INDUSTRIES MARKETS NRG UTI WORLD WWTOP WWTOPEU

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