Eskom puts $5.5 billion tag on Kusile stake

• 16 years ago (2010-01-13)
• David Flin

Africa 358 Asia 992 Australasia 63 Battery 2 Biofuel 1 Biomass 8 Biomethane 1 Clean energy 1 Climate change 23 Coal 349 Cogeneration 3 Concentrating solar 6 Cyber security 8 Decarbonisation 3 Decentralised energy 6 Demand side management 3 Demand side response 3 Digitalisation 12 Distributed energy 10 Distribution 151 Electric vehicles EVs 4 Emissions 69 Energy management 3 Equipment 2 Europe 1154 Gas 451 Gas engine plant 83 Gas fuel 3 Horizon 2 Hydroelectric 17 Hydrogen 73 Hydropower 154 Latin America 96 Maintenance 5 Marine 1 Metering 2 microgrid 5 Middle East 362 North America 1067 Nuclear 719 Offshore wind 128 Oil 24 Operations 4 Policy 9 Regulations 3 Renewables 814 smart grid 2 Smart meters 1 Solar 330 Storage 49 substation 8 Tepco 2 Tidal 2 Toshiba 4 Transmission 230 US Senate Washington 4 Waste-to-energy 1 Wind 288

---

Mpho Makwana, Eskom’s Acting Chairman, said that the utility was looking for ways to plug the funding gap for its build programme. Eskom is said to be looking for up to $5.5 billion from the sale of a stake in the Kusile coal-fired power station. This, it hopes, will ease its financial problems as it seeks to implement its $50 billion capital expansion programme.

Makwana said that Eskom was exploring selling as much as 49 per cent of Kusile, and that it hoped to conclude the transaction within 18-24 months.