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‘Government intervention on Eskom’s R400 billion debt outlined in medium-term fiscal policy statement’ – SABC News

Finance Minister Enoch Godongwana says he can handle government intervention Eskom’s R400 billion debtwill be outlined in the Medium-Term Budgetary Policy Statement (MTBPS) in October.

Godongwana says the tariff debate between Eskom and South Africa’s national energy regulator (Nersa) must also be concluded swiftly to support a speedy resolution to the country’s energy challenges.

He says there is no need to discuss a drawdown in support of Eskom’s maintenance plan at this time as the utility has yet to contact the National Treasury on the matter.

Godongwana was addressing an inter-ministerial energy briefing in Pretoria on Monday.

“Eskom’s indebtedness is an issue that has been fundamentally resolved and we will bring this up to the Lekgotla Cabinet in due course to consider these scenarios. The last quantum, the scenarios and the conditions on precedent and the conditions after, will also be covered in the medium-term fiscal policy statement on October 26,” Godongwana added.

Meanwhile, the government says it will reduce regulatory requirements for solar projects in low- and medium-sensitive areas.

This will allow Eskom to roll out power lines and substations in these areas without an environmental permit.

The government says it is part of an effort to speed up its response to the country’s energy crisis.

At an inter-ministerial energy briefing in Pretoria, Minister for Forestry, Fisheries and Environment Affairs Barbara Creecy said her department was working to reduce the regulatory burden where possible.

“We have already identified five power transmission corridors and if that particular infrastructure is within those transmission corridors and we have been working with Eskom to identify those corridors where these provisions would apply in relation to the need for an EIA (environmental impact assessment) there are areas with low and medium sensitivity,” adds Creecy.

The following video is the media briefing of the Energy Ministers Crisis Committee:

‘Government intervention on Eskom’s R400 billion debt outlined in medium-term fiscal policy statement’ – SABC News

Source link ‘Government intervention on Eskom’s R400 billion debt outlined in medium-term fiscal policy statement’ – SABC News

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