By Khanyisa Tabata
29 December 20009
Eskom says the massive loan it received for the construction of two power plants is not enough and it needs more money.
In a bid to fund programmes to produce more power and address the country’s electricity crisis, Eskom has signed a loan agreement with five French banks for some 13-billion rands.
However, media reported that this is a drop in the ocean compared to the more than 300-billion rands Eskom needs to fund its expansion project.
South Africans can expect to pay much more for power next year as Eskom is expected to be granted a tariff hike.
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