Eskom

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Eskom Hld SOC Ltd or Eskom is a South African state-owned electricity public utility. Eskom was established in 1923 as the Electricity Supply Commission (ESCOM) (Afrikaans: Elektrisiteitsvoorsieningskommissie (EVKOM)). The organization represents South Africa in the Southern African Power Pool. The utility is the largest producer of electricity in Africa, and was among the top utilities in the world in terms of generation capacity and sales. It is the largest of South Africa's state owned enterprises. Eskom operates a number of notable power stations, including Matimba Power Station and Medupi Power Station in Lephalale, Kusile Power Station in Witbank, Kendal Power Station, and Koeberg Nuclear Power Station in the Western Cape Province, the only nuclear power plant in Africa. The company is divided into Generation, Transmission and Distribution divisions, and together Eskom generates approximately 95% of electricity used in South Africa, amounting to ~45% used in Africa, and emits 42% of South Africa's total greenhouse gas emissions. By releasing 1.6 million tons of sulphur dioxide into the air in 2019, Eskom is also the largest emitter of sulphur dioxide in the power industry in the world. Eskom has periodically implemented rolling blackouts since January 2008, a practice ascribed to basic dereliction of duty by former president Thabo Mbeki which were later discontinued in early 2024, but electricity supply issues still linger. Implementation of new generating capacity during this period was fraught with delays and cost overruns which brought the utility to the brink of bankruptcy. At the 2021 United Nations Climate Change Conference, a deal was announced for developed countries to fund South Africa's transition from coal power to renewable energy. However, employment in the mining sector threatens this transition. In 2019, it was announced that Eskom was to be split up into three distinct nationally owned entities, due to huge...