State power utility Eskom lauded itself for delivering “453 days without load shedding” yesterday during the announcement of its annual financial results at its headquarters in Sunninghill.
The state entity’s CEO, Brian Molefe, said it had received a 10.5% revenue hike year-on-year to the tune of R97.1-billion for the six months ended in September, thanks to a 31.6% increase in electricity exports to Botswana, Namibia, Zambia and Zimbabwe.
Molefe said Eskom was aiming to increase its new connections to 200 204 by year-end, beating the target of 169 722 that has been set by the department of energy.
“Eskom is now delivering excess electricity capacity to stimulate South Africa’s economic growth. Our plan is to re-establish Eskom as a catalyst for economic growth, not a constraint to the country’s future growth.”
He also said Eskom was gearing itself up for even better results over the rest of the year, focusing on building infrastructure while providing electricity to more households across the country.
The results announcement, which was attended by members of parliament and representatives of the department of energy resources and the department of public enterprises, was overshadowed by Molefe’s reaction to damning observations made about the utility in former public protector Thuli Madonsela’s State of Capture report.