S Africa’s Eskom to use Sh1.11 trillion future income for nuclear expansion
REUTERS/ South Africa’s power utility Eskom estimates it will have 150 billion rand ($11 billion or about Sh1.11 trillion) by the next decade to help fund a nuclear expansion programme planned by the government, a senior executive said. In a column in the BusinessDay newspaper, Eskimo’s group executive for generation, Matshela Koko, said under the utility’s 2016-17 business plan, the firm would raise significant funds to help build the proposed nuclear plants. “These cash resources could be deployed to fund the new nuclear build programme,” Koko said. South Africa, which has the continent’s only nuclear power station, has earmarked nuclear expansion as the centrepiece of a plan to increase power generation to ease the country’s reliance on an ageing fleet of coal-fired energy plants.