Eskom says may seek loan to secure diesel supplies

Eskom-powerlinesSouth African power utility Eskom may seek a bank loan to secure diesel supplies needed to operate some of its turbines, a spokesman for the state-run company said on Wednesday.

“Our finance division is looking at a number of options. One could include a loan. How the government will assist has not been communicated to us,” spokesman Khulu Phasiwe said.

Eskom needed 3 billion rand ($257 million) for diesel until March 31, the end of the utility’s financial year, he added.

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