Treasury will not cover Eskom’s nuclear plans
Business Day LIVE
02 December 2016
The Treasury has made it clear that Eskom’s existing R350bn guarantee facility cannot be stretched to cover a new nuclear-build programme.
But it has confirmed that the facility, whose March 2017 expiry date prompted rating agency S&P Global to downgrade Eskom’s rating deep into junk territory last week, will be extended to cover the much-delayed new power stations Eskom is already building. Read more here…