Eskom | Infrastructure news - Part 14

Eskom

Eskom seals R20 billion credit deal

Eskom has signed a R20 billion credit facility with a consortium of local and international banks. The power utility says the government guaranteed facility will form part of the financing of Eskom’s current capital expenditure programme. According...
Eskom-power-lines-pic

Eskom downgraded yet again

S&P Global Ratings has downgraded the credit rating for Eskom on Wednesday from B- to CCC+. According to a report by Reuters, the global ratings agency took the decision as a result of liquidity concerns and insufficient government support that...

SONA 2018: Government to step in and stabilise SOEs

Newly elected president Cyril Ramaphosa has turned his attention to State Owned Enterprises (SOEs) to ensure that they deliver on their mandate. In his inaugural State of the Nation Address (SONA) the president said that government would intervene...
Koeberg power station.

Koeberg launches desalination plant

Eskom’s Koeberg nuclear plant recently launched a mobile groundwater desalination plant amidst the drought currently gripping the Western Cape. According to Eskom the desalination plant will take care of the country’s sole nuclear power plant thus...