New board con­fi­dent of turn­around

The Star Early Edition - - BUSINESS REPORT - ANA

ESKOM’S newly-re­con­sti­tuted board yes­ter­day ex­pressed its sup­port on the strides made by ex­ec­u­tive man­age­ment in turn­ing around the com­pany’s op­er­a­tional and fi­nan­cial per­for­mance, as well as the over­all strat­egy of sus­tain­ing this mo­men­tum.

This comes after a two-day board in­duc­tion ses­sion led by in­terim chair­per­son Zethembe Khoza in which Eskom’s key per­for­mance tar­gets were as­sessed.

Khoza noted that Eskom had not im­ple­mented load shed­ding for the past 23 months, and that the plan was to con­tinue im­ple­ment­ing ap­pro­pri­ate lev­els of planned main­te­nance to en­sure long-term plant re­li­a­bil­ity.

He said the re­duc­tion in un­planned out­ages con­trib­uted to im­prove­ments of plant avail­abil­ity and the re­sul­tant re­duc­tion in the us­age of costly open cy­cle gas tur­bines (diesel gen­er­a­tors).

“In terms of Eskom’s ex­ist­ing Gen­er­a­tion Sus­tain­abil­ity Strat­egy, our aim is to achieve 80 per­cent plant avail­abil­ity, 10 per­cent planned main­te­nance and 10 per­cent un­planned main­te­nance over the medi­umterm,” Khoza said.

“The ad­her­ence to reg­u­lar sched­uled main­te­nance is man­aged through the Tetris plan­ning tool, which sched­ules out­ages based on fore­cast de­mand and main­te­nance re­quire­ments. A key as­pect of this in­cludes hav­ing a strict win­ter and sum­mer main­te­nance bud­get that com­prises 8.5GW for win­ter and 11.5GW for sum­mer.”

The power util­ity’s board was beefed up last month by Pub­lic En­ter­prises Min­is­ter Lynne Brown with the ap­point­ment of four new in­terim non-ex­ec­u­tive di­rec­tors and the ap­point­ment of an in­terim group chief ex­ec­u­tive, Johnny Dladla.

Khoza also wel­comed the con­tin­ued drive by Dladla to meet with all of Eskom’s crit­i­cal stake­hold­ers, in­clud­ing em­ploy­ees, in an ef­fort to not only share ex­ec­u­tive man­age­ment’s vi­sion, but to also un­der­stand stake­holder needs.

On Mon­day, Dladla, ac­com­pa­nied by his ex­ec­u­tive man­age­ment team, met with the com­pany’s se­nior and mid­dle man­age­ment and em­pha­sised Brown’s and the board’s man­date and ex­pec­ta­tions.

Eskom said sim­i­lar en­gage­ments with other stake­hold­ers were sched­uled for the next few weeks.

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