No end to Eskom's woes...

End to load shedding comes with its own problems, says chair.

Eskom's financial woesremain, despite the national electricity grid stabilising.

During bouts of heavy load shedding in recent years, which adversely affected households and brought businesses to a halt, South Africa's power utility was forced to enter into multimillion-rand 20-year contracts with independent power producers (IPPS) - but without the option of an exit, according to chair Mteto Nyati.

Addressing the board and management of the State Information Technology Agency, Nyati said Eskom entered into longterm IPP, with "the exit clause linked to performance, but we are stuck for up to 20 years".

Nyati said the Eskom-IPP contracts were driven by the power utility's objective to curb recurring load shedding.

Among nine Eskom priorities, Nyati said the state-owned company moved to unbundle and create the Transmission Company of South Africa.