Eskom seeks urgent conversion of $8.5bn political declaration into commercial agreement

Eskom CEO Andre de Ruyter reports that the State-owned utility has already taken some initial steps to ensure that the $8.5-billion political declaration signed at COP26 in early November is urgently converted into a practical commercial agreement to support its just transition programme. Addressing the second of what have become daily briefings on the state of the system, which has once again succumbed to an intensive period of load-shedding, De Ruyter reported that follow-up discussions had been held on Wednesday with one of the multilateral lenders involved in the declaration to assess whether the flow of funds could be accelerated.