Eskom is hoping to borrow a further R55 billion to turn its government debt into equity as it looks to boost generating capacity, according to news agency Reuters.
Reuters cited Eskom acting chief executive, Brian Molefe, as saying the conversion of the state's subordinated loan to equity was part of a government financial package for Eskom, and included a R23 billion cash injection that would help the utility plug an estimated funding gap of R200 billion.
"We are quite confident that we will be able to raise the R55 billion during this financial year," Molefe reportedly told parliament last week.
It was not clear how Eskom would raise the funds.
Eskom to borrow a further R55bn to boost capacity
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