Eskom to spend $21bn on new power plants in next five years
South Africa’s Eskom will increase its capital expenditure by 44% to R324-billion ($21-billion) over the next five years to build new power stations, the state-owned company said on Wednesday. The cash-strapped state-owned utility also said it had 85 billion rand of funding, representing nearly all of the capital needed, for 2016 and 2017 in a presentation to parliament.