Published: January 13, 2010
South African utility explores sale to meet funding shortfall.
Eskom, South Africa’s state-backed electricity company, could sell up to 49% of its planned Kusile power plant to make up a shortfall in funding for the project.
Press reports quote the group’s acting CEO, Mpho Makwana, as saying that the board would explore the possibility of a sale to help meet the R385bn (€36bn) cost.
The group is expected to appoint advisers for the sale in February and then ask for bids.