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May 03, 2015 7:07 AM ET

Electric Utilities

Company Overview of Eskom Holdings SOC Limited

Company Overview

Eskom Holdings SOC Limited generates, transmits, and distributes electricity to industrial, mining, commercial, agricultural, and residential customers in South Africa. The company also operates an electricity operating and maintenance concession in Uganda. In addition, it sells electricity to municipalities, which in turn redistributes it to businesses and households within their areas; and purchases electricity from independent power producers in terms of various agreement schemes, as well as electricity generating facilities. The company operates 27 power stations with a total nominal capacity of 41,995 megawatt (MW) comprising 35,726 MW of coal-fired, 1,860 MW of nuclear, 2,409 MW of gas...

Megawatt Park

Maxwell Drive

Sunninghill

Sandton

Johannesburg,  2157

South Africa

Founded in 1923

46,370 Employees

Phone:

27 11 800 8111

Fax:

27 11 800 4299

Key Executives for Eskom Holdings SOC Limited

Chief Executive Officer and Director
Interim Chief Executive and Director
Age: 48
Finance Director and Executive Director
Age: 45
Chief Executive Officer of Eskom Development Foundation
Group Executive of Technology and Commercial
Compensation as of Fiscal Year 2014.

Eskom Holdings SOC Limited Key Developments

Eskom Fires 1,000 Workers at New Plant

Eskom announced that more than 1,000 workers building South Africa's first new power plant in 20 years have been sacked for staging an illegal strike, as the country grapples with rolling electricity cuts. The workers staged their latest one-day strike on March 25, 2015 over allowances and bonuses. The Medupi plant's first unit was due to be completed in 2012 but will now open in June, although the whole station will not be operating at full capacity of 4,764-megawatts until 2020. The station, which will be the fourth large coal plant in the southern hemisphere, is expected to ease South Africa's power crisis, which regularly leaves factories, shops and homes in darkness and has hit economic growth. The National Union of Metalworkers of South Africa (NUMSA) said they were dismissed via phone text messages. The sacked workers were employed by contractors building the station, located in northeast South Africa.

Eskom and Alstom Terminate C&I Works Contract for Kusile Power Station, Effective April 17, 2015

Eskom Holdings SOC Limited and Alstom S&E Africa Proprietary Limited have terminated the control & instrumentation, or C&I, works contract for Kusile power station, effective April 17, 2015. With the support of both organizations, a consensual termination has been reached on a co-operative walk-away basis. The termination of the C&I contract for the Kusile power station shall not affect the C&I Works Contract for the Medupi power station, which Alstom shall continue to execute in accordance with the terms of that contract. The terms of the consensual termination and settlement agreement are confidential as between Eskom and Alstom.

Eskom Holdings SOC Ltd Announces Production of First Power from Medupi Power Station's Unit 6

Eskom Holdings SOC Ltd. has announced production of first power out of Medupi power station's unit 6. Synchronisation, or first power, is the process whereby the generator in the unit is electrically connected to the national power grid, in such a way that its power is perfectly aligned with all the other generators to generate and deliver electricity into the national power grid.

Similar Private Companies By Industry

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