Energy Expert says things aren’t promising at Eskom

Energy expert, Ted Blom, says he is not very optimistic about Eskom.

Public Enterprises Minister, Pravin Gordhan, has unveiled government’s long-awaited plan to save the power supplier, including exposing it to greater competition, lowering fuel costs and increasing renewable-energy output.

The power utility supplies about 95 per cent of the country’s power and its current debt stands at R450 billion.

Blom says the country will have a very tough time for the next five years while Eskom looks to fix things.

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By: Lethiwe Mdluli