Eskom, which is struggling to find cash to keep its generators running, paid billions of rand in penalties on a coal contract at one of its newest plants. | News24_Business
Medupi and Kusile are the newest coal-fired facilities owned by Eskom, but delays and defects at the plants have stifled their nearly 9 600 megawatts of combined capacity, leaving the nation more vulnerable to power outages.
Eskom also reported that negotiations for Kusile’s coal supply with Seriti Resources are advancing and the parties agreed to a three-year supply deal as they work on a decade-long contract. The company didn’t immediately respond to emailed questions. In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy.
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