Fin24

Govt mulls private equity in Eskom projects

2011-10-11 18:14

Cape Town - South Africa's government is thinking of allowing private equity stakes in state power utility Eskom's future capital investments to alleviate pressure on its balance sheet, the company's chairman said on Tuesday.

"Simply stated, we should start to look at public-private partnerships which could alleviate Eskom's balance sheet (and) alleviate the pressure on government to become involved in the financing of future projects," Eskom chairman Zola Tsotsi told members of parliament.