Eskom needs bank loan to buy diesel

South African power utility Eskom may seek a bank loan to secure diesel supplies needed to operate some of its turbines

Published on:

18 Feb 2015, 7:05 am

Photo credit: <a href="http://foter.com">Foter</a> / <a href="http://creativecommons.org/licenses/by-sa/2.0/">CC BY-SA</a>

JOHANNESBURG, Feb 18 (Reuters) – South African power utility Eskom may seek a bank loan to secure diesel supplies needed to operate some of its turbines, a spokesman for the state-run company said on Wednesday.

"Our finance division is looking at a number of options. One could include a loan. How the government will assist has not been communicated to us," spokesman Khulu Phasiwe said.

Eskom needed 3 billion rand ($257 million) for diesel until March 31, the end of the utility's financial year, he added.

Eskom