Eskom gives up hope on Exxaro coal contract
Power utility has paid R9.7bn in penalties after failing to take coal on schedule
12 February 2023 - 07:38
Eskom appears to have given up hope of renegotiating a long-term contract with Exxaro that cost it R9.7bn in penalties because the Medupi power station could not burn coal on schedule. Exxaro says no request for a new contract has been made by the utility.
Outgoing Eskom CEO André de Ruyter this week expressed little hope for the renegotiation of the take-or-pay contract at Medupi that runs until 2032...
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.