Cash-Strapped South African Power Utility Needs U.S.$7.2 Billion
Eskom plans to ask the government to absorb about R100 billion of its debt in order to rescue it from bankruptcy according to a Business Day report.
allAfrica, 5 December 2018
In light of festive season power cuts, Eskom's woes continue to mount. The embattled power utility plans to ask the government to absorb about R100 billion - nearly U.S.$7.2… Read more »
Eskom Megawatt Park (file photo).
South African energy giant Eskom has embarked on Stage 1 and 2 loadshedding, asking residents and businesses to "please use electricity sparingly to ease the demand of ... Read more »
A U.S.$33 million loan is being granted to cash-strapped energy giant Eskom to develop the Kuseli coal-fired power station, one of the main sources of electricity in the country. ... Read more »