Electric Utilities
South Africa cuts Eskom's debt relief package by an additional $1.1 billion
South Africa announced on Wednesday it would further reduce its debt relief package to state power utility Eskom. It would also provide some support through loans, rather than take on the company's existing debt. "Eskom's financial position is much better than it was in 2023, when the original debt relief announcement was made. We have simplified the debt relief package's final phase as a result. This was announced by the National Treasury in its revised annual budget. The National Treasury will instead lend Eskom 50 billion Rands in order to avoid taking on 70 billion Rands of debt. The government...