Eskom | Infrastructure news - Part 25

Eskom

Eskom-power-lines-pic

Eskom downgraded by Fitch

Ratings agency Fitch has downgraded Eskom but given a stable outlook. The power utility announced that Fitch has downgraded Eskom’s Long-term local currency Issuer Default Rating (IDR) to ‘BBB-’ from ‘BBB’. Fitch Ratings has also affirmed Eskom’s...
illegal-electricity

Eskom, CSIR to sign security agreement

Eskom and the CSIR have established a security sub-committee to identify and deal with security risks that are having a significant financial impact on Eskom’s business. The two organisations recently signed a strategic partnership agreement and...
Renewable energy

Eskom cans future IPPs

Eskom has come under criticism after its board took the decision not to sign any further Independent Power Producer (IPP) agreements after the current round is finalised. Eskom says there is no need for new IPPs because the power grid is now...
Eskom-power-lines-pic

Eskom commits to funding EPPEI phase 2

Eskom will sign phase 2 of Eskom Power Plant Engineering Institute (EPPEI) funding agreement, in collaboration with the Universities of Cape Town, Witwatersrand, North-West, Pretoria, KwaZulu-Natal and Stellenbosch, in partnership with a further...
Grootvlei power station image

Eskom gets $1.34 billion boost

Eskom has received a $1.34 billion boost for its capital expenditure program from the African Development Bank (AfDB). The pair recently signed loan facilities that will secure approximately R19 billion for the power utility in the largest...