Eskom will battle to find private buyers for power plants, Futuregrowth says
Renewable energy should rather be targeted as banks and asset managers have committed to net zero, investment house suggests
25 April 2023 - 21:13
Eskom will probably struggle to find private investors willing and able to pour capital into reviving its ageing coal-fired power plants, given that funders such as banks and asset managers have committed to reducing funding for fossil fuel projects.
That’s the view of Futuregrowth Asset Management, one of SA’s biggest institutional bond investors. It questions the viability of electricity minister Kgosientsho Ramokgopa’s plan to revitalise some Eskom power plants with private sector investment...
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