After Tariff Rise, Eskom Continues Power Projects
After Tariff Rise, Eskom Continues Power Projects
JOHANNESBURG--June 30, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The National Energy Regulator of South Africa has allowed Eskom to increase tariffs 13.3% for the coming year. This follows last year's rise in tariffs of 14.2%, but is far below the 60% rise that Eskom originally requested. The increase in tariffs is motivated by Eskom's desire to maintain a strong international credit rating as the company pursues capital-expenditure plans to create new power plants through 2020. Contracts for national power development plans in South Africa continue to be awarded. The latest was a $500 million contract awarded by Alstom (EPA:ALO) (Paris, France) to SPX Corporation's (NYSE:SPW) (Charlotte, North Carolina) South African subsidiary DBT Technologies.
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company