Even though it looks like a bleak winter for households and businesses, Eskom management has briefed members of Parliament (MPs) about trying to minimise load shedding over the next six months with the help of the Eskom Debt Relief Bill.
South Africa looks to be heading into a tough winter, but Eskom has stated that for the first time in six years, it would be able to release funds for capital expenditure for generation, transmission, and distribution because of the debt relief bill.
The Eskom Debt Relief Bill will see the National Treasury taking over its almost R400 billion debt which will ease the pressure on Eskom in terms of finance.
Eskom head of generation Bheki Nxumalo says that it will be very tough six months as 3 000 megawatts are currently off the grid that needs to be balanced.
Members of Parliament questioned Eskom management, and Public Enterprises Minister Pravin Gordhan on how the debt relief bill would help end load shedding during the briefing.
The struggling utility has said that the debt relief bill will help ease the pressure however, the next six months would be challenging for the country.
The debt relief bill will allow the Eksom management team to focus on dealing with the problems at hand which are affecting the power utility's performance, reducing unplanned outages to reduce the intensity and frequency of load shedding.
