nuclear-news

South Africa’s nuclear company Eskom makes huge loss

Corporate Toughest of times for Eskom
World Nuclear News28 August 2009
Eskom, South Africa’s state-owned utility, has reported a record annual loss and has warned of a funding gap for an expansion program needed to prevent a repeat of the blackouts the country experienced in 2008.

The company, which supplies about 95% of South Africa’s electricity and more than 60% of Africa’s, reported a loss of 9.7 billion rand ($1.25 billion) for the year ended 31 March. In the previous year, Eskom made a loss of 210 million rand ($27 million)………….

World Nuclear News

September 2, 2009 - Posted by Christina Macpherson | 1, business and costs, South Africa | antinuclear, nuclear, nuclear costs, radioactive, uranium