National treasury is seeking to hire a legal firm to advise it on how to reorganise the R396-billion debt burden held by Eskom.
Author: Antony Sguazzin
Growthpoint Properties has said it’s running out of diesel to operate generators at some of its buildings as the country grapples with the escalating crisis at Eskom.
Other nations and philanthropic organisations want to join the $8.5-billion climate finance deal offered to South Africa by rich countries.
South Africa’s plan to create a separate power transmission company has been hobbled by restrictive debt arrangements with parent Eskom.
South Africa’s environment ministry is investigating a “stench” that has settled over Gauteng this week.
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.
The R135-billion Medupi power plant won’t ever make a profit because of delays, design defects and increasing opposition to coal-fired electricity generation, one of its funders said.
Karpowership said some government agencies have stalled its projects and their conduct isn’t conducive to creating an attractive investment environment.
South Africa will need to spend $250-billion over the next three decades closing down its coal-fired power plants and replacing them with green energy, according to a study.
South Africa will need to attract investment of R224-billion if it’s to develop a substantial green hydrogen industry, the head of government’s climate finance task team said.