Eskom puts $5.5 billion tag on Kusile stake

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

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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.