Question no.:2579
Dr S M van Dyk (DA) to ask the Minister of Public Enterprises:
(a) What amount (i) will Eskom be spending on financing its capital investment programme during the period 1 April 2010 until 31 March 2011 and (ii) does Eskom still have to obtain in this regard and (b) how will those funds be obtained?
Reply:
(a)(i-ii) The budgeted amount (including interest capitalised) for all Eskom capital expenditure was R92 billion for the year to 31 March 2011. However, due to the delays in finalising the Kusile funding plan this is now projected at R71 billion.
(b) The capital expenditure will be funded through cash balances on hand and current undrawn secured facilities that are in place.
Source: Department of Public Enterprises
