Eskom submitted an application to NERSA for the approval of 62c/kWh electricity tariff for the Samancor Chrome and Glencore–Merafe Chrome ferrochrome smelters.
Dan Marokane, Eskom’s Group Chief Executive, said all concluded agreements remain subject to approval by the National Electricity Regulator of South Africa (NERSA).
NERSA is then expected to conduct a public consultation process in due course.
Marokane said “without the success of Eskom’s turnaround over the past three years, delivered by our 40,000 employees, which restored consistent baseload electricity supply, for which there is currently no alternative source available to energy‐intensive users, we would not have been in a position to support the ferrochrome industry or play a meaningful role in preventing job losses. Eskom will continue to work tirelessly with intergovernmental teams, labour, producers and stakeholders to balance Eskom’s financial sustainability and regulatory responsibilities so that it can play its part in delivering electricity to drive economic growth.”
This action by Eskom, coincided with President Cyril Ramaphosa’s visit, to Kusile Power Station in Nkangala District Municipality, in Mpumalanga.
Ramaphosa spoke extensively about the positives of the the restoration of electricity and its spin offs on the economy and investor confidence.
Picture of proceedings at Kusile, supplied.