‘Heavily-geared’ Eskom sees no alternative to tariff rises

Engineering News Online
1 February 2013
In the absence of a fresh equity injection from its shareholder, State-owned electricity provider Eskom calculates that it would require R25-billion of additional debt funding over the five-year period for every 1% reduction in its tariff increase against the 16% being sought. But addressing the final day of tariff hearings in Gauteng, CFO Paul O’Flaherty again stressed that there was no immediate prospect of further government support beyond the R60-billion subordinated loan already extended, along with R350-billion in government guarantees. Read more…

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