Policy & Regulation
Eskom crisis could force shift to cleaner energy in South Africa
Addressing corruption and the company’s massive debt is the first priority for Eskom’s new management – the next will be shifting towards cheaper and cleaner generation Addressing corruption and the company’s massive debt is the first priority for Eskom’s new management – the next will be shifting towards cheaper and cleaner generation.
2 February 2018
0
29402
Debt and corruption have forced the board of South African utility Eskom to take action, but analysts say a more fundamental rethink of the company’s business model is needed.
The new board, appointed by the government on 20 January, was praised at Eskom’s financial results presentation on Tuesday for addressing head-on the two most urgent problems facing the company: its poor governance and its lack of liquidity. The company’s debt stands at ZAR 350 billion ($25.3 billion).
In the past week the board has dismissed several executives...
Great choice of article...
but you need a subscription for full access.
but you need a subscription for full access.
Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!
Already a subscriber? Sign in
