Unconnected renewable energy costs Eskom R2m a month
Published: 14 October 2014
Struggling power utility Eskom had to scale down its plans to refurbish transmission lines and build new ones in the next five years, due to its troubled financial state.
This has already resulted in Eskom paying R2 million per month for renewable energy that’s available to the grid, but cannot be connected. The payments have been running for two months and will continue for another ten months until the connection is done.
Eskom confirmed these payments to Moneyweb. Spokesperson Andrew Etzinger could not disclose which renewable project it related to, but confirmed it is the only project in the Department of Energy’s first bid window that has not been connected. A total of 1 600MW of renewable energy has been connected to date.
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