South Africa's Eskom applies to regulator to recover $1.6 bln via tariffs - CNBC Africa

South Africa's Eskom applies to regulator to recover $1.6 bln via tariffs

Southern Africa

by Reuters 0

Eskom has requested the energy regulator to allow the company to recover $1.60 billion in costs. Photo: Pexels

South African power utility, Eskom, has requested the energy regulator to allow the company to recover $1.60 billion in costs incurred while supplying electricity, it said in a statement.

The regulator in June rejected a request from cash-strapped Eskom to raise tariffs, and the state-owned power company said it would seek alternative ways of funding.

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