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Industrial, mining and property investors were still in a state of confusion over power utility Eskom's approach to new electricity connections, but the corporation promised on Tuesday that the issue would be clarified with the imminent release of a comprehensive policy, possibly by as early as next week.
CEO Jacob Maroga - currently in Europe on a road show to expose potential investors to its R150-billion capital-raising plan - said last week that the utility had not yet determined just how much power could be allocated to new projects. However, he indicated that a needs analysis was under way in a bid to align its stretched supply profile to the new demand.
Maroga also stressed that supply security could be markedly improved and space created for new connections if greater savings were achieved. In fact, he displayed a graph showing that Eskom's reserve margin, which was currently running at a paltry 6%, could rise to well above 10% by 2009 should its savings targets be met.
"If we follow the 10% savings path, there will be space for new connections. But we need information from potential customers, which will tell us what is, in fact, possible," he said.
Policy mining energy utility transparency MW
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