Eskom board chairperson JabuMabuza said that the power utility has set aside R4.5 billion to address the power generation challenges at the Medupi and Kusile power stations.
Lethabo - 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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
R18bn needed to finish Kusile and Medupi - and 'there's no going back'Eskom will finish building the troubled Kusile and Medupi power stations, despite running far over budget and behind schedule.
Read more »
Eskom scores R6.8bn loan from Brics bank for Medupi power plantThis is separate from the US$180 million loan agreement signed on Monday to connect 670MW of renewable energy projects to the national grid.
Read more »
Eskom scores R6.8bn loan from BRICS Bank for Medupi power plant | IOL NewsThe New Development Bank will provide a project loan of about R6.8 billion to Eskom for Medupi Thermal Power Plant, National Treasury said.
Read more »
Eskom throws Medupi, Kusile a R4.5bn lifeline… for nowIt would cost about R18 billion each to complete the power stations, Eskom chair Jabu Mabuza said, which would take at least 60 months.
Read more »
Steinhoff's Unitrans is said to be worth up to R4 billionSteinhoff's Unitrans Motor Group, which the embattled retailer is in talks to sell, may be valued at as much as $280m (R4bn at current exchange rates), according to people familiar with the matter.
Read more »
City of Cape Town to spend R4.4bn on water, waste | Weekend ArgusThe City of Cape Town intends spending over half of its capital budget on water and waste efforts and boosting transport services with more money.
Read more »
Red-letter day for Rooibos as R4.5m is invested on health researchThe Rooibos industry is ploughing R4.5m into researching the plant's healing properties, hoping it will unleash a tide of red gold.
Read more »
CT train security costs R4.5 million a month, says MetrorailMetrorail says since implementing additional security measures it has made 347 arrests in the province.
Read more »
Rooibos research gets R4.5 million injectionA research director wants to provide sufficient proof of rooibos’ efficacy in helping to prevent and manage certain diseases.
Read more »
DA MP Phumzile van Damme 'assaulted' at Medupi power plantDA MP Phumzile van Damme has claimed that she was assaulted by security guards at Eskom's Medupi Power Station in Limpopo on Wednesday.
Read more »