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Eskom CEO Sees Plan Working for Reliable South Africa Power

  • Utility may ask regulator for longer-term price path
  • Nuclear can cut fees as costs low once plants are paid off
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A plan to reform state-owned power company Eskom Holdings SOC Ltd. and provide more electricity to South Africa and its economy is starting to show results, according to Chief Executive Officer Brian Molefe.

With new leadership in place, the company that supplies about 95 percent of power to Africa’s most-industrialized economy is following a strict maintenance program to avoid managed blackouts, will ask the regulator for more certainty on the tariffs it can charge and will accelerate its delayed program to build generation capacity, said Molefe, 48. He was confirmed as CEO of the utility in September after acting in the position since April.