Swiss-Swedish multinational ABB will pay back R1.56bn to power utility Eskom in relation to an overpayment of a contract that was unlawfully awarded for corrupt means at the troubled Kusile power station.

Eskom chair Malegapuru Makgoba announced on Friday that, after a lengthy investigation and negotiation, the parastatal and the Special Investigating Unit (SIU), reached an agreement with ABB.  ..

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