Eskom

Eskom Hld SOC Ltd or Eskom (Afrikaans: Elektrisiteitsvoorsieningskommissie) is a South African electricity public utility. Eskom was established in 1923 as the Electricity Supply Commission (ESCOM). Eskom represents South Africa in the Southern African Power Pool. The utility is the largest producer of electricity in Africa, and was among the top utilities in the world in terms of generation capacity and sales. It is the largest of South Africa's state owned enterprises. Eskom operates a number of notable power stations, including Matimba Power Station and Medupi Power Station in Lephalale, Kusile Power Station in Witbank, Kendal Power Station, and Koeberg Nuclear Power Station in the Western Cape Province, the only nuclear power plant in Africa.

Eskom
Company typePublic utility
Traded as
JSE: BIESKM
IndustryEnergy
Founded1 March 1923 (1923-03-01)
HeadquartersSunninghill, Sandton, South Africa
Key people
Mpho Paul Makwana
(Chairman)
ServicesElectricity generation, transmission and distribution
Revenue R 204.3 billion (FY2021)
US$ 13.82 billion
Net income
R-18.9 billion (FY2021)
US$ -1.28 billion
Total assets R 781 billion (FY2021)
US$52.84 billion
Number of employees
42,749 (FY2021)
Subsidiaries
Websitewww.eskom.co.za

The company is divided into Generation, Transmission and Distribution divisions, and together Eskom generates approximately 95% of electricity used in South Africa, amounting to ~45% used in Africa, and emits 42% of South Africa's total greenhouse gas emissions. By releasing 1.6 million tons of sulphur dioxide into the air in 2019, Eskom is also the largest emitter of sulphur dioxide in the power industry in the world. Eskom has periodically implemented rolling blackouts since January 2008, a practice ascribed to basic dereliction of duty by former president Thabo Mbeki. Implementation of new generating capacity during this period was fraught with delays and cost overruns which brought the utility to the brink of bankruptcy. In 2019, it was announced that Eskom was to be split up into three distinct nationally owned entities due to huge debts and poor reliability of supply.

At the 2021 United Nations Climate Change Conference, a deal was announced for developed countries to fund South Africa's transition from coal power to renewable energy. However, employment in the mining sector threatens this transition.

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