South Africa: State May Go Private With More of Eskom

source: allAfrica
Business Day (Johannesburg)
Hillary Joffe
21 January 2010

Johannesburg — THE government has given the first indication that it might consider selling stakes in some of Eskom’s existing power stations to raise cash to fund Eskom’s build programme, with a senior official confirming yesterday it was “open to all options”.

Government spokesman Themba Maseko told Bloomberg yesterday that a ministerial task team would look at all options, “including selling off some assets”, but said no final decision had been taken yet. The utility could not rely solely on increased tariffs to fund its expansion and alternative measures had to be explored.

Eskom already has the go- ahead from the government to sell a 30% stake in its planned new coal-fired power station, Kusile, to private investors.

But acting chairman and CEO Mpho Makwana told the National Energy Regulator of SA (Nersa) last week that Eskom did not have permission to look for [continue reading]

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