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Treasury will not cover Eskom’s nuclear plans

Business Day LIVE

02 December 2016

The Treasury has made it clear that Eskom’s existing R350bn guarantee facility cannot be stretched to cover a new nuclear-build programme.

But it has confirmed that the facility, whose March 2017 expiry date prompted rating agency S&P Global to downgrade Eskom’s rating deep into junk territory last week, will be extended to cover the much-delayed new power stations Eskom is already building.  Read more here…

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