Restructuring Report: Eskom ‘Fundamentally Insolvent, Permanently Impaired’
Credit to Author: Sonal Patel| Date: Thu, 24 Oct 2019 14:32:17 +0000
The post Restructuring Report: Eskom ‘Fundamentally Insolvent, Permanently Impaired’ appeared first on POWER Magazine.
Eskom, South Africa’s state-owned utility that produces nearly 90% of the African powerhouse’s electricity, is saddled with liabilities, unavoidable expenses, and stranded costs that exceed $113 billion, and for various reasons, it is “fundamentally insolvent, permanently impaired, and will never be a true going concern enterprise under its current legal, operational, and governance structure,” concludes […]
The post Restructuring Report: Eskom ‘Fundamentally Insolvent, Permanently Impaired’ appeared first on POWER Magazine.
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