Financially challenged Tshwane settles massive R1.6bn Eskom debt | The Citizen

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Financially challenged City of Tshwane confirms settling the R 1.6 billion it owed to Eskom🔌

“As per the payment plan we presented to Eskom, the City has been making daily payments to the power utility and today we paid R185 million to settle the account,” Williams said.• Friday, 16 September 2022: R185 million• Tuesday, 13 September 2022: R75 millionWilliams said the City has been continuously engaging Eskom on the payment plans and will continue to do so.

“The City of Tshwane remains committed to finding a long-term solution to our financial challenges so we can ensure that we pay creditors like Eskom in full and on time. “We, therefore, appeal to residents, businesses and other clients to pay their municipal accounts on time so that we can be able to pay creditors like Eskom,” Williams said.Meanwhile, your weekend will be littered with bouts of power cuts after Eskom, on Friday, announced that stage 4 load shedding will continue until Sunday morning.

The power utility said persistent shortages of generation capacity and breakdowns of a generating unit each at Kriel, Majuba and Tutuka power stations over the past 24 hours have necessitated the continuation of rolling blackouts at stage 4 until 5am on Sunday.

 

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Financially challenged Tshwane settles massive R1.6bn Eskom debt | The CitizenMayor Randall Williams said the City of Tshwane remains committed to finding a long-term solution to its financial challenges.
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