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Funding Update

Eskom continues to manage funding in terms of the plan developed for the capacity expansion programme (up to the completion of Kusile). It has largely identified sources of funding and continues to make progress in both securing and drawing down on funding facilities. The challenges posed from NERSA's MYPD 3 determination are unlikely to affect the current build programme.

Eskom continues to plan its funding activities to support the Integrated Resource Plan 2010, the 20-year energy strategy for the country. The magnitude of the plan's build programme will require a funding approach that supports Eskom's aim of reducing reliance on state support and potentially includes technology or equity partners for certain aspects of the strategy.

The focus of activities remains funding the balance of requirements to the end of the committed capital expansion programme, per the approved R300bn funding plan. To date R241 billion of the R300 billion funding plan has been secured.