South African cabinet approves rescue package for Eskom


Issue 285 - 30 Sep 2014 | 4 minute read

The cabinet has approved a seven-point plan to rescue the beleaguered state power utility, outlined in a statement issued by the National Treasury on 14 September. An equity injection by the government, support for a tariff adjustment, and backing for the raising of new debt by Eskom are all included under the scheme. The rescue package was based on recommendations from the inter-ministerial committee, and aims “to support a strong and sustainable Eskom to ensure that the energy security of the country is maintained, as well as supporting GDP growth”, according to the Treasury statement.

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register