00:01In South Africa, the sent-on electricity company Escombe announced on Wednesday that it does not expect power outages during
00:09the winter months in the Southern Hemisphere from April to August.
00:13This will be the first winter without power cuts since the company has been facing difficulties.
00:20In its latest five-month electricity outlook, the utility company said its generating fleet is now more reliable.
00:28Escombe last imposed nationwide power cuts about a year ago, a sharp improvement after a period when outages were happening
00:36almost every day.
00:39The company's long-running supply problems have weighed on economic growth in Africa's most industrialized economy, while repeated state bailouts
00:48have also put pressure on public finances.
00:51Alongside that operational turnaround, Escombe has also reported its first annual profit in eight years.
00:59The utility company said it has cut its use of diesel at emergency power plants, saving about $164 billion compared
01:08with the previous three years.
01:09The company's long-running supply chains, which has been involved in two weeks prior to living in a dozen years.
01:14The company's long-running supply chains, which has been made by electric plants, and the company's long-running supply chains.
Comments