👀Minister of Finance Enoch Godongwana on Thursday said reports that the National Treasury plans to take over a portion of Eskom’s R392-billion debt were inaccurate. 💡
Minister of Finance Enoch Godongwana on Thursday said reports that the National Treasury plans to take over a portion of Eskom’s R392-billion debt were inaccurate.
The reports also claimed this would happen on a condition that the power utility builds new coal, gas and nuclear plants.“This is untrue and a misunderstanding of the argument the Minister was making.
“Further, his point was that the fundamental purpose of the National Treasury’s plan to takeover a portion of Eskom’s debt is to allow the utility to focus on and invest in increasing its generation capacity.”added that Godongwana is fully committed to the government’s Just Energy Transition framework, and the balance it envisions of accelerating investment in new generation capacity while protecting the communities that will be worst-affected by the move away from coal and other fossil fuels.
According to the ministry, the debt-relief relief programme is one of a suite of government interventions with the simple, but critical goal of securing South Africa’s short and long term energy supply needs.
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