'Govt's intervention over Eskom's R400 billion debt to be outlined in Medium Term Budget Policy Statement' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

[File Image] Minister Enoch Godongwana addressing the media at the Imbizo Media Centre in Cape Town ahead of the 2022 Budget Speech.[File Image] Minister Enoch Godongwana addressing the media at the Imbizo Media Centre in Cape Town ahead of the 2022 Budget Speech.Eskom’s R400 billion debtGodongwana says the tariff debate between Eskom and the National Energy Regulator of South Africa , also needs to be finalised expeditiously to help support a rapid solution to the country’s energy challenges.

He says there is currently no need to discuss a drawdown to support Eskom’s maintenance plan, as the power utility is yet to approach National Treasury in this regard.“Eskom’s debt is an issue, which the principle is settled and we’re taking to the cabinet Lekgotla in due course to look at those scenarios. The final quantum, the scenarios and the conditions precedent and the conditions post, will also be dealt with on October 26 in the Medium Term Budget Policy Statement,” adds Godongwana.

Meanwhile, government says it will reduce the regulatory requirements for solar projects in areas of low and medium environmental sensitivity. This will allow Eskom to expand power lines and substations without environmental authorisation in these areas.Addressing an inter-ministerial energy briefing in Pretoria, Minister of Forestry and Fisheries and Environmental Affairs Barbara Creecy, says her department is working to reduce the regulatory burden where possible.

“We have already identified five electricity transmission corridors and when this particular infrastructure is located within those transmissions corridors, and we have worked with Eskom on identifying those corridors that these provisions with regard to not needing an EIA would kick in if it’s areas of low and medium sensitivity,” adds Creecy.

Good and I hope the intervention has nothing to do with our pockets

(Save this this ) departments will face budget cut during MTBPS2022

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