Part 1 Revenue Application: Multi-Year Price Determination ... - Eskom
Part 1 Revenue Application: Multi-Year Price Determination ... - Eskom
Part 1 Revenue Application: Multi-Year Price Determination ... - Eskom
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Overview of <strong>Multi</strong>-<strong>Year</strong> <strong>Price</strong> <strong>Determination</strong><br />
2013/14–2017/18 (MYPD 3)<br />
Figure 12: Allocation of the IRP 2010 capacity on the <strong>Eskom</strong> 65% build scenario<br />
Page 113 of 144<br />
The results of the capacity allocations and cost of technology choices has revealed that to<br />
meet the IRP 2010 build commitments, <strong>Eskom</strong> would need to spend R1.8 trillion on capacity<br />
expansion beyond the substantial completion of Kusile of which approximately R180 billion<br />
would be spent during MYPD 3 (see Table 48).<br />
Table 48: Capital expenditure for <strong>Eskom</strong> builds 65% of IRP 2010 (R million)<br />
R'million<br />
Corporate, Distribution & Transmission<br />
Total new build<br />
Nuclear<br />
Solar and CSP<br />
Wind<br />
Gas<br />
Coal<br />
Generation - technical capital expenditure<br />
Total capex<br />
MYPD3 2014~2018 MYPD4 2019~2023 MYPD5 2024~2028 2029~2031 Total IRP 2030<br />
176,443<br />
177,748<br />
129,459<br />
9,343<br />
9,367<br />
-<br />
29,579<br />
141,171<br />
495,362<br />
249,579<br />
698,740<br />
425,970<br />
83,124<br />
65,460<br />
87,496<br />
1,035,816<br />
Financing the amount of debt needed to fund such expansion, while still covering <strong>Eskom</strong>‟s<br />
operating costs and depreciation, would require average price increases of 20% per year for<br />
9,075<br />
115,111<br />
506,602<br />
772,909<br />
334,641<br />
170,714<br />
217,668<br />
38,823<br />
11,063<br />
96,632<br />
1,376,142<br />
286,374<br />
98,580<br />
24,137<br />
68,945<br />
-<br />
5,497<br />
-<br />
48,516<br />
433,469<br />
1,218,998<br />
1,747,976<br />
914,207<br />
332,127<br />
292,494<br />
53,395<br />
155,753<br />
373,815<br />
3,340,789