by sundelbolong | May 27, 2020 | Business & Finance News
Eskom’s desire to avoid spending R42 billion reducing sulfur dioxide emissions at one of its largest power plants isn’t legally feasible, according to the Department of Environmental Affairs. In addition to getting government approval, South Africa’s...
by sundelbolong | May 24, 2020 | Business & Finance News
The lockdown is imposing additional financial strain on Eskom and necessitates urgent solutions to get the company on a sustainable path beyond Covid-19. It is estimated Eskom will lose between R2.5 billion and R3 billion in revenue per month due to the low...
by sundelbolong | May 21, 2020 | Business & Finance News
Power utility Eskom hopes to achieve a debt balance of R200 billion, which is less than half its current debt burden of R450 billion, CEO Andre De Ruyter has said. De Ruyter and other Eskom officials on Thursday briefed media on the state of the system. De Ruyter...
by sundelbolong | May 15, 2020 | Business & Finance News
The National Energy Regulator of South Africa (Nersa) has granted Eskom approval to recover R13.3 billion as part of the power utility’s regulatory clearing account (RCA) application for the 2018/19 year. The RCA application is a mechanism which allows Eskom to...
by sundelbolong | May 15, 2020 | Business & Finance News
Eskom is seeking to have the terms of a $3.75 billion World Bank loan changed to avoid spending money to cut emissions from one of its largest power plants. The 2010 loan is being used to partly fund the construction of the 4 764 megawatt Medupi coal-fired power...
