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RSS FeedsThe high price of coal connections
(World News South Africa)

 
 

11 october 2019 06:56:05

 
The high price of coal connections
(World News South Africa)
 


The taxpayer will be burdened with a roughly R10-billion bill over the next six years, because Eskom has failed to negotiate a standard price for the coal it burns to keep the lights on. The Mail & Guardian can reveal that Eskom has contracted 16 coal-producing companies to provide it with more than 70-million tonnes of coal in the next six years at a cost of more than R38-billion. But Eskom could have saved about R10-billion — or nearly R4.5-million a day — had it negotiated a better deal. Responding to M&G questions, Eskom said it was untrue that it has failed to negotiate coal prices but rather it ended up paying higher prices due to a rapid decline of coal stock. The...


 
30 viewsCategory: General > Africa > South Africa
 
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