Eskom throws Medupi, Kusile a R4.5bn lifeline… for now

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Eskom throws Medupi, Kusile a R4.5bn lifeline… for now
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It would cost about R18 billion each to complete the power stations, Eskom chair Jabu Mabuza said, which would take at least 60 months.

Eskom board chairperson Jabu Mabuza on Wednesday said that the state-owned utility has set aside R4.5 billion to address the power generation challenges at the Medupi and Kusile power stations.

Addressing the media at Eskom’s Lethabo Power Plant in the Free State, Mabuza said that there were socio-economic prices to pay if Eskom were to abandon its new build in Medupi and Kusile as its current power continues to deteriorate. Last month, government conceded that the country’s power crunch was largely due to a lack of maintenance of the utility’s ageing infrastructure and that the power utility had not spent enough on maintaining its equipment over the past five years, while new plants Medupi and Kusile had not come on stream.

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