Cash-strapped Thaba Chweu district to pay R410m for electricity substation | Citypress

Outgoing ANC councillors in a struggling municipality in Mpumalanga have secretly made a decision to reimburse a Chinese company R410 million that it used to build an electricity substation

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The Thaba Chweu Local Municipality councillors’ decision is rather bizarre because China Sinogy Electric Engineering raised the money to build the 40 megavolt Duma Substation as a public-private partnership project, meaning that the company took all the financial risk and would recoup its money from future electricity sales.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

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