South Africa: Eskom Delays Projects for Lack of Finance

Johannesburg — ESKOM has put on hold three of its projects -- the rail, hydro power and wind projects -- because of funding constraints as part of what one of its senior managers on Friday said was a ruthless prioritisation of projects.

Eskom is taking strain from the continuing global economic crisis, which has culminated in higher costs of debt. This has increased the cost of Eskom's five-year R385bn capital expansion.

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