David Mabuza hopes Eskom can lower prices on its contracts
It will be good for everyone if independent power producers and coal suppliers will renegotiate, says deputy president
22 October 2020 - 18:36
Deputy President David Mabuza says it is in the interests of all stakeholders for coal prices and the costs paid by Eskom to independent power producers (IPPs) to drop.
The power utility, which is battling to stabilise its finances, is pressing ahead with plans to renegotiate coal contracts as well as agreements signed with IPPs with a view to reducing the net cost of electricity for consumers...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.