Energy Minister says Eskom to fund nuclear as new procurement framework is unveiled

Eskom’s balance sheet will be used to leverage funding for government’s anticipated multibillion-rand nuclear build programme, Energy Minister Tina Joemat-Pettersson announced on Tuesday. She told Parliament’s Portfolio Committee on Energy that the National Treasury would not be funding the programme, but that Eskom would raise the money in the international markets and would be the owner-operator of the nuclear build programme.