Eskom Green says PFMA approval enables fundraising and partnerships

Eskom Holdings reports that it has now secured the required approvals to establish Eskom Green as a wholly-owned renewables subsidiary that is able to raise funding and enter into public-private partnerships. The approvals were made in terms of Section 54(2) of the Public Finance Management Act (PFMA), alongside the applicable conditions of the Eskom Debt Relief Act, which placed restrictions on the raising of new debt for generation investments.

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