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City Power suffers huge financial loss due to load-shedding

Johannesburg's City Power said it suffered a direct financial loss of more than R58m as a result of load-shedding over the past three months.

City Power suffers huge financial loss due to load-shedding

[Photo: AFP]

The financial knock was felt in three key areas: staff overtime, as technicians and staff worked after-hours to ensure the power supply was restored after load-shedding; equipment loss from gear that either failed when power was restored, or transformers or mini-substations that exploded during surges; and loss of potential profit had it been able to sell electricity to customers.

China Plus Published:2020-01-1719:21:35

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