Jabu Mbuza, a chairperson of the Eskom board said that the poower utility's plan to do construction on the Medupi and Kusile power stations will go ahead. Each power plant is expected to cost R18-billion.
Construction on the Medupi and Kusile power stations will go ahead as the cost of halting the projects will not benefit the economy, the Chairperson of the Eskom board Jabu Mabuza has said.Mabuza was speaking at a media briefing on the state of South Africa’s power supply on Wednesday along with other Eskom executives and Public Enterprises Minister Pravin Gordhan.
Mabuza said questions had been raised on whether it would be feasible to stop construction on the multi-billion rand coal plants now or to continue the process until completion.“We have done the exercise and have concluded that the costs of not continuing is not going to be met by the benefit of continuing,” said Mabuza.
“Given that they are at a point where they are almost complete… it would cost around R18-billion each to complete,” he said. Once hailed as the answer to the country’s electricity supply challenges, the costs for the plants have already escalated to over R300-billion, as revealed this year by the Department of Public Enterprises before a parliamentary Portfolio Committee.
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