Eskom needs R990 billion from private companies to shift to renewables

Eskom needs R990 billion from private companies for shift to renewables

The state-owned power utility, which is saddled with R396 billion of debt, plans to tap private investors for the R990 billion it needs to fund new generation capacity and shift to cleaner energy sources by 2030, Matthew Mflathelwa, general

manager for strategy and planning, said in an interview Wednesday in Johannesburg.“We would require a partnership of some kind, whether it is at a multinational level or whether it’s at the institutional level. I think those details need to be worked out.”

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