Eskom must fix power stations using income from tariffs - Treasury | Business

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National Treasury on Tuesday briefed MPs on the Eskom Debt Relief Bill, reiterating that Eskom may not borrow for the next three years and that the company will not receive any other financial support from government to fix its ailing power stations.

From 1 April, Eskom must fund all of the expenditure on its existing plants from the tariff raised from customers. This will include the life extension of Koeberg, a multi-billion project to replace three steam generators in each of the nuclear power station's two units. While the project only got under way this year, it has been planned for many years.

Over and above this, for 2025/26, the bill proposes a debt take-over by the government of R70 billion of Eskom's loan portfolio. Answering questions in Parliament's Standing Committee on Appropriations, deputy director-general Duncan Pieterse said: The debt relief will flow as a loan, which will be converted to equity by Treasury, when all the conditions are met. As the government is the sole shareholder of Eskom, all this would require would be to issue more shares.

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How evil is Ramaphosa and his handlers?

They will steal da money. Cannot leave money. Born with greed

Price hike inbound

doodlehabibi So the Anc is making their f/up our responsibility (Not that we HAVENT footed the bill)

Simple answer. Sell it off. But no, can’t do that, unions wouldn’t be happy and ANC can’t live union votes, can they?

This loadshedding and stages thing is a scam. How do they know there not enough power in advance? And how they know there will be breakdowns in advance? They think we are idiots. There is no electricity crisis. This is all caused by anc theft and corruption..

Time to Review the top guys salaries . Getting paid huge salaries for being incompetent

Eakom needs proper restructuring and less bloated staff

It's funny how the same treasury gave money to SAA to bail out private partners, it's truly sickening,this stance is just a way to sabotage eskom so that it gets privatized

Well done Momo

As another government run cooperation crumbles ....who will be there to pick up the crumbs ?

Eskom getting ready to ask NERSA for even more money in 2024

The only thing they want to privatise ESKOM nothing much Ramadollar n Pravin they think we are stupid

Plots to sell it to vampires of evil capitalism thickens. This thing is killing South Africa.

Yoh 🤔🙄

IBIWISI

And what about tariff hikes?

ANC 🌀 ESKOM 🌀Treasury 🌀 ESKOM 🌀 Minister of electricity 🌀 ESKOM 🌀 C.R. BEE 🌀 ESKOM 🌀 $$ Diesel 🌀 Finance minister 🌀 ESKOM 🌀 Illegal theft of electricity 🌀 ESKOM 🌀 Gwede Mantashe 🌀 ESKOM 🚨⏩❄⚡📴⏩🕯⏩ ❌🔌❌🚿❌💻❌📲❌📚❌📺❌☕❌🍽❌📚❌🚘🚦❌💦❌📶❌🇿🇦🕯🕯❓

And we are supposed to be taking loadshedding serious.

Where’s Lesufi

Wonder if the UNIONS have reliesed the taps are now closed and 5% let alone 15% isn’t affordable 🤔

The R222bn for the 'emergency power' is ideal to be re-directed to actually improving our electricity infrastructure & improving overall power station EAF. Still baffling to spend that amount for 1.2GW for infrastructure we don't own...

They are driving ESKOM to privatisation like SAA

Now is the time to cut their costs, review staffing, goal contracts, dump BBEEE and control non operation costs.

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