Bloomberg South Africa’s stricken power utility will receive $13.9 billion in debt relief from the government over the next three years, provided it brings in private partners to help operate its plants and electricity transmission network. The package will strengthen the Eskom Holdings’s balance sheet and cover all interest payments over the next three years, budget documents presented by Finance ...

Bloomberg A Czech energy company led by billionaire Daniel Kretinsky was the big winner in a UK auction to secure power capacity, procuring a 15-year government subsidy to build a gas-fired plant. EP UK Investments Ltd.’s planned units at Eggborough, Yorkshire, were awarded provisional contracts along with a grid-scale battery at the site. That will help secure about $1.8 billion ...

  Bloomberg Private power producers in Bangladesh have sought $1 billion of foreign currency from the country’s central bank to import heavy fuel oil to avert a looming energy crisis this summer. The companies are seeking the greenback supply to banks to allow opening letters of credit for purchasing the fuel from overseas, the Bangladesh Independent Power Producers’ Association, the ...