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 />
Page 24 of 144<br />
staff and maintenance costs, since any new infrastructure will demand more skilled<br />
technicians, artisans and engineers.<br />
Table 4: <strong>Eskom</strong> current generation expansion plan as at 1 April 2012<br />
2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Total<br />
Grootvlei (RTS) 30 30<br />
Komati (RTS) 200 100 300<br />
Camden (RTS) 30 30<br />
Medupi<br />
(coal fired)<br />
Kusile<br />
(coal fired)<br />
Ingula<br />
(pumped storage)<br />
Sere (renewable,<br />
wind)<br />
794 794 1 588 794 794 4 764<br />
800 800 800 800 1 600 4 800<br />
1 332 1 332<br />
100 100<br />
Total (MW) 260 994 2 926 2 388 1 594 1 594 1 600 11 356<br />
In addition, <strong>Eskom</strong> commenced the development of a 100MW CSP plant<br />
Table 5: Summary of capital expenditure projections for MYPD 3 (R million)<br />
2013/14 2014/15 2015/16 2016/17 2017/18 MYPD3<br />
Generation 48 288 43 995 37 931 29 929 36 955 197 098<br />
Transmission 11 755 11 460 13 665 22 751 16 045 75 676<br />
Distribution 8 890 10 454 11 334 12 933 11 390 55 001<br />
Corporate - Support and Strategic functions 2 576 1 527 1 369 928 610 7 010<br />
Corporate - Telecomms and Aviation 598 579 635 557 2 369<br />
Total capital costs (Rm) 72 107 68 016 64 934 67 098 65 000 337 155<br />
1.4.6 Underlying assumptions<br />
<strong>Eskom</strong>‟s revenue requirement is based on assumptions relating to capacity expansion, IPPs,<br />
primary energy costs, the legislation South Africa will enact to curb electricity usage, the<br />
control period and electricity demand.<br />
Assumption 1: The revenue request only considers capacity expansion up to<br />
the substantial completion of Kusile power station<br />
With regard to expansion, the revenue being requested only considers depreciation on a<br />
replacement-cost basis and a return taking into account capacity expansion up to the<br />
substantial completion of Kusile power station. It does not include any provision for