Budget2023 | The National Treasury will relieve Eskom of R254 billion of its debt over the next three years but has imposed far-reaching conditions, which include that it concession out some of its power stations to the private sector | News24_Business
But the bailout will come with conditions attached including that it concession out power stations to the private sector. News24 Business front pageThe National Treasury will relieve Eskom of R254 billion of its debt over the next three years but has imposed far-reaching conditions, which include that it concession out some of its power stations to the private sector.
The debt relief arrangement will see the government taking responsibility for all Eskom's debt repayments as it matures and annual interest costs. These amount to R78 billion in 2023/24, R66 billion in 2024/25, and R40 billion in 2025/26. This arrangement, subject to strict conditions, will relieve extreme pressure on the utility's balance sheet, enabling it to undertake the necessary maintenance and investment. The operating conditions associated with Eskom debt relief support the broader restructuring of South Africa's electricity industry.
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