The utility has provided a progress report on ongoing investigations into the contractors
Eskom has named the contractors responsible for almost R4bn in cost overruns at the utility’s troubled Kusile power station.
The Eskom report indicates the overpayments totalled R4bn with R1bn each were ascribed to Stefanutti Stocks Basil Read JV, ABB SA, and Tubular Construction Projects. Kusile is yet to be completed and is one of Eskom’s two major coal-fired power stations which have run hopelessly overtime and over budget, miring the utility in a R450bn mountain of debt.
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