Brian Dames News
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General Motors Co.’s finance unit and billionaire Warren Buffett’s Berkshire Hathaway Inc. led dollar- denominated sales of at least $42.1 billion this week as relative yields narrowed.
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Eskom SOC Holdings Ltd., the South African power utility that’s building the world’s third- and fourth-biggest coal-fired plants, will sell more than $1 billion of bonds this year, Chief Executive Officer Brian Dames said.
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South Africa’s power capacity exceeded peak demand by the smallest amount since at least January 2012 on May 2, said Eskom Holdings SOC Ltd., the utility that provides 95 percent of the country’s electricity.
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Eskom Holdings SOC Ltd., the state- owned company that generates about 95 percent of South Africa’s power, said it will do maintenance on nine units as it expects an “extremely cold” winter season.
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South Africa’s power capacity exceeded peak demand by the smallest amount since at least January 2012 yesterday, said Eskom Holdings SOC Ltd., the utility that provides 95 percent of the country’s electricity.
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South Africa’s mining industry, backbone of the continent’s biggest economy, is heading for its worst electricity shortage in five years in a threat to platinum and gold production and to the rand currency.
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Eskom Holdings SOC Ltd. said Hitachi Kaefer will test and repair about 9,000 faulty welds on a boiler at its Medupi power plant in South Africa, which will be the world’s fourth-largest coal-fired station when completed.
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South Africa appointed Brian Dames to head state utility Eskom Holdings Ltd., filling an eight- month leadership void as the company struggles to resolve a funding crisis that threatens to cut power to homes and mines.
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Eskom Holdings SOC Ltd., which supplies about 95 percent of South Africa’s power, is working on an agreement to cap coal costs as the energy regulator examines the utility’s request for above-inflation tariff increases.
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Eskom Holdings Ltd. is encouraged by the demand for its $1.75 billion bond sale, the first dollar- denominated notes sold by the South African power utility, and will take the success “forward” as it assesses future funding, Chief Executive Officer Brian Dames said.
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