Lower-than-anticipated tariffs, rising diesel costs and industrial action could lead to the SEO raising more capital
The ratings agency believes lower-than-anticipated tariffs, rising diesel costs and industrial action could lead to the SEO having to raise more capitalEskom faces increased financial pressure from lower-than-anticipated tariffs, rising diesel costs and the impact of labour disruptions, all which could lead to the need to raise more capital, ratings agency S&P Global said.
“Not only did South African energy regulator award a lower-than-anticipated tariff, the company also suffered strike action ... that disrupted its power generation, and [Eskom now faces] higher-than-forecast diesel costs,” S&P Global said in a July 19 bulletin.Eskom could not immediately be reached for comment.
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