Target of a finish next year for $15bn oil plant much too ambitious, say analysts
The utility has R419bn in debt, projected to rise to R600bn as it continues its build programme
Eskom CEO Phakamani Hadebe says the measures will pull the power utility back from 'debt cliff'
Eskom chair Jabu Mabuza wants a government bailout and he wants South Africans to allow Eskom to do business as it pleases
The plan would add 2% to debt-to-GDP ratio and is likely to be seen as negative by ratings agencies
This has resulted in the energy availability factor falling considerably— and will take a full two years to restore plants to working order
Eskom’s Jan Oberholzer says he expects plant performance to deteriorate further from its level of 74%, which is notably lower than in 2017, when it was 79%