Eskom commended for reducing diesel bill
Eskom has slashed its diesel bill by more than R750 million in five months.
JOHANNESBURG - Public Enterprises Minister Lynne Brown says Eskom has slashed its diesel bill by more than R750 million in five months.
She's told Parliament she's comfortable with the progress the utility is making in ensuring the supply of electricity remains stable.
"Eskom has been able to reduce the diesel unit usage from R800 million to R40 million since October 2015. In fact Eskom has been able to build up sufficient capacity to sell to the region."
The savings were made possible due to the improved performance of Eskom's base-load fleet.
Last year, Eskom reported in its interim results that it was spending R1 billion a month on diesel.
Brown lauded Eskom CEO Brian Molefe and his team, saying they'd proved wrong the prophets of doom who predicted South Africa would experience a complete blackout.
"This undermined our efforts to position South African as a powerful destination for foreign direct investment."