Section 17: Borrowing powers.

(1) The Authority may, with the approval of the Minister, borrow by way of loan from any source any monies required by the Board for meeting its obligations and discharging the functions of the Board under this Act.
(2) Without prejudice to the generality of subsection (1) of this section, the Authority may, from time to time and subject as aforesaid, borrow money or raise capital by the issue of debenture stock upon such terms touching the issue, transfer, interest and redemption as may be so approved for all or any of the following purposes
(a) the provision of working capital;
(b) the fulfilling of the functions of the Authority under this Act;
(c) the acquisition of other electricity undertakings;
(d) the redemption of any stock which they are required or entitled to redeem;
(e) any other expenditure properly chargeable to capital account.
(3) The government may guarantee, in such manner and on such conditions as it may think fit, the redemption or repayment of, and the payment of any interest on, any debenture stock issued by or any temporary loan raised by the Authority.