As part of Treasury’s agreement with Eskom for the provision of R254bn in debt relief, the state-owned power utility will not be allowed to undertake any capital expenditure on new “greenfield generation projects” during the debt-relief period.
In addition, Eskom, Treasury and the department of public enterprises will design a mechanism to allow “extensive private participation” in the building of new transmission infrastructure...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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