Eskom on Tuesday presented a somewhat good path towards operational and financial stable with profits up by 22% to R11.3-billion in the six months ended September 30‚ 2015.
Earnings before interest‚ tax‚ depreciation and amortisation rose by 9% to R24.9-billion while cash flow from operations increased by 13% to R23-billion.
Eskom was able to secure funding of R46-billion against a year-end target of R55-billion. Of the amount secured‚ R19.8-billion had been drawn.
In the reporting period‚ Eskom received R10-billion‚ the first tranche of a government injection‚ with R13-billion expected in March 2016.
Total operating costs increased by 7% to R71.3-billion and primary energy costs surged by 7.7% to R41-billion‚ while repairs and maintenance grew by 11.2% to R3.7-billion.
Eskom CEO Brian Molefe said that while balancing supply and demand was a serious challenge in the first quarter of the financial year‚ the second quarter showed significant improvement. In 108 days‚ there was only two hours and 20 minutes of load-shedding.
“We are progressing well in the maintenance of our power-generating plant while keeping the electricity system stable‚” Molefe said.
“Our new build programme is progressing well‚ with the contribution of Medupi Unit 6 boosting our capacity and creating the necessary space for maintenance‚” Molefe said.
As at September 30‚ 2015‚ municipal arrears debt stood at R5.6-billion‚ with the top 20 defaulting municipalities contributing R4.3-billion or 76% of the total municipal arrears debt. Eskom signed payment agreements with 50 defaulting municipalities‚ including 15 of the top 20. – Tiso Black Star Group Digital/The Times
Eskom’s Molefe: Maintenance progressing while system stays stable
Earnings before interest‚ tax‚ depreciation and amortisation rose by 9% to R24.9-billion while cash flow from operations increased by 13% to R23-billion.
Eskom was able to secure funding of R46-billion against a year-end target of R55-billion. Of the amount secured‚ R19.8-billion had been drawn.
In the reporting period‚ Eskom received R10-billion‚ the first tranche of a government injection‚ with R13-billion expected in March 2016.
Total operating costs increased by 7% to R71.3-billion and primary energy costs surged by 7.7% to R41-billion‚ while repairs and maintenance grew by 11.2% to R3.7-billion.
Eskom CEO Brian Molefe said that while balancing supply and demand was a serious challenge in the first quarter of the financial year‚ the second quarter showed significant improvement. In 108 days‚ there was only two hours and 20 minutes of load-shedding.
“We are progressing well in the maintenance of our power-generating plant while keeping the electricity system stable‚” Molefe said.
“Our new build programme is progressing well‚ with the contribution of Medupi Unit 6 boosting our capacity and creating the necessary space for maintenance‚” Molefe said.
As at September 30‚ 2015‚ municipal arrears debt stood at R5.6-billion‚ with the top 20 defaulting municipalities contributing R4.3-billion or 76% of the total municipal arrears debt. Eskom signed payment agreements with 50 defaulting municipalities‚ including 15 of the top 20. – Tiso Black Star Group Digital/The Times
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