Government says the R254 billion Eskom Debt Relief Bill will go a long way in helping the power utility to return to its former glory by supplying enough electricity to the country. energycrisis loadshedding
Last week, the National Assembly passed the draft Bill with 198 votes in favour of it and 23 votes against its approval.
When the Bill was passed, Acting Finance Minister Mondli Gungubele said it is the government’s belief that this debt relief arrangement for Eskom, will help in alleviating the current energy crises.“It remains our view, now that an optimally designed debt relief arrangement with the right conditions can be leveraged to support the structural reform of the electricity sector, that will enhance South Africa’s long growth prospects.
Government says it will impose strict conditions on Eskom to comply with the envisaged financial injection.
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