Cape Town Seeks to Take Over Electricity Supply From South Africa’s Eskom
- State utility directly supplies about 30% of city’s power
- City may issue debt to fund takeover of Eskom-supplied areas
Geordin Hill-Lewis
Photographer: Brenton Geach/Gallo Images/Getty Images
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Cape Town, South Africa’s second-largest city, is in talks with Eskom Holdings SOC Ltd. to take over the supply of electricity in areas of the metro served by the state power utility.
The municipality oversees the provision about 70% of the power used in the city, with the remainder falling under Eskom. The discussions, which started about a year ago, form part of Cape Town’s plans to reduce its reliance on the beleaguered utility that’s subjecting the nation to record blackouts.