So as I wrote in Dec, except capital costs are 400m (is this...

So as I wrote in Dec, except capital costs are 400m (is this USD? so about 600m AUD anyway?) , and 50% Debt.

Capex req Debt
Hengshun 34% 68m 68m
BEE 26% 52m 52m
CZA 40% 80m 80m


So CZA will receive (for selling Makhado portion) and spend approx.
$113m (hengshun payment) + $86m(BEE)? - $80m (Capex req) - loan note repayments ( $60m guess)

So if they go with an IPP they will not need any more ESKOM involvement... and no need for 51% BEE

On another note maybe we will hear about some progress on NCC to further fuel that fire