South Africa Says 2012 Is Peak For Energy Shortage Risks

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The FINANCIAL — South Africa's state-owned utility, Eskom Holdings Ltd., said Monday that 2012 will be the peak for the gap between supply and demand,according to London Stock Exchange.

 

Eskom is in the process of building two new power stations but the utility warned last year that construction is behind schedule.

The country's minister of public enterprises, Malusi Gigaba, which overseas Eskom, said the utility is "running with a higher level of risk" right now because it is carrying out maintenance.

In 2008 Eskom suffered rolling blackouts because it couldn't meet demand. Dames said the utility is better prepared now because it has higher coal stocks.

Eskom provides about 95% of South Africa's electricity, largely from coal-fired power plants.

 

 

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