Eskom said it will give the transmission unit that it’s transforming into a separate entity a R39.9-billion loan to make sure it can complete projects and be financially viable.
will give the transmission unit that it’s transforming into a separate entity a R39.9-billion loan to make sure it can complete projects and be financially viable.
Eskom’s board will approve an annual borrowing plan for the transmission company and this will come in the form of inter-company loans, the utility said. Any borrowing over and above the plan will need to be approved by Eskom.The state-owned power utility, which is R396-billion in debt, is separating into transmission, generation and distribution units that will operate as separate entities in a bid to improve its operational and financial performance.
Its purpose is to act as a national transmission network operator and a system market operator, allowing it to take in electricity from Eskom and privately run power plants as well as channelling imports from countries such as Mozambique.
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