African National Congress (ANC) economic transformation committee head Enoch Godongwana outlined his preference for what he termed a “simple” transfer of R250-billion of Eskom debt to government, rather than pursuing the creation of a special purpose vehicle, partly financed through green concessional funding. The Eskom Sustainability Task Team, established by President Cyril Ramaphosa to interrogate solutions for the State-owned utility’s unsustainable debt position, has proposed an $11-billion climate transaction to support Eskom, as well as to accelerate a transition to a more decarbonised electricity system in South Africa.
