Cabinet approves more Eskom funding

LaraC

Honorary Master
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Mar 11, 2014
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40,496
This was due to a drop in performance of some of its coal plants and delays in the build program.
Had they kept to their schedule the new plants would have been in operation and there would have been no need to run the expensive alternatives.

I wonder if going deeper into debt when you're barely breaking even is such a wise decision.
On the other hand if Eskom forfeit on payments Government will have hand them a bailout with their guarantee.
 

2012

Executive Member
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Jan 22, 2012
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9,053
Eskom would raise additional debt in the region of R50 billion, over and above its original plan of R200 billion during the third Multi Year Determination Period (MYPD 3).
How does eskom think it will ever make that money back? R250 Billion in debt is going to require a very large price increase...
 

rrh

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Nov 29, 2005
Messages
3,226
Nersa pointed out that one of the problems was that Eskom's maintenance [staff] was cr*p.

Maybe time to import outsiders to perform the maintenance ?
 

atomcrusher

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Jun 27, 2006
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4,208
Nersa pointed out that one of the problems was that Eskom's maintenance [staff] was cr*p.

Maybe time to import outsiders to perform the maintenance ?
And the ANC governments solution to this is to throw more of the taxpayers money into the bottomless pit, instead of fixing the root causes of the inefficiencies.

And most of that money they throw at the problem will end up in the pockets of the "connected few" who call themselves 'consultants' :mad:
 

rrh

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And the ANC governments solution to this is to throw more of the taxpayers money into the bottomless pit, instead of fixing the root causes of the inefficiencies.

And most of that money they throw at the problem will end up in the pockets of the "connected few" who call themselves 'consultants' :mad:
You are far too logical :D
 

VegOtter

Senior Member
Joined
May 26, 2010
Messages
701
yes, this makes perfect sense now. Lets throw more money at the failing business model.
Can't believe we aren't doing this everywhere...

In case you missed it, that is called sarcasm.
 
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