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Eskom Could Sell Some Coal-Powered Plants to Raise $29 Billion

  • Treasury published paper on Eskom rescue for public comment
  • Coal stations could be sold through a series of auctions
The Eskom Holdings Grootvlei coal-fired power station in Mpumalanga, South Africa.
The Eskom Holdings Grootvlei coal-fired power station in Mpumalanga, South Africa.Photographer: Waldo Swiegers/Bloomberg
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South Africa could dispose of some of Eskom Holdings SOC Ltd.’s coal-fired plants and allow households to sell electricity back into the grid as part of a restructuring of the state-owned power utility.

The stations could be sold through a series of auctions and would include related staff contracts, coal-supply contracts and environmental obligations, according to an economic policy paper the National Treasury released for public comment on Tuesday. The plan could raise 450 billion rand ($29 billion), the Treasury said, citing an independent study.