Eskom Asks South Africa to Take a Stake to Ease Debt Costs.

ESKOM Holdings SOC Ltd.; CAPITAL costs; STATE power; ELECTRIC utilities; DEBT

Eskom Holdings, South Africa's state power utility, has requested that the National Treasury convert 16 billion rand ($840 million) of bailout funds into equity. This conversion would help alleviate Eskom's debt burden and allow for necessary maintenance. The credit, which can be converted into equity under certain conditions, is part of a larger government bailout aimed at addressing Eskom's declining performance and frequent power cuts. The company has also disclosed that it is on track to report a seventh consecutive annual loss. [Extracted from the article]

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