With Eskom set to receive a R70 billion government bailout over the next few years, they could lose more than half of that amount before they even get going.
Another set of spiralling costs have floored the utility, who have been billed R36 billion by contractors working on the Kusile Power Plant.
The report – which was first published by City Press on Sunday – features a response from Eskom: They’ve confirmed that they received the whopping figure, but stressed that this won’t necessarily be the amount they have to cough up. According to the company, “it provided for a smaller amount in its total R161-billion Kusile budget.”
Why have Eskom been billed R36 billion from Kusile?
The bill itself consists of “unforeseen costs” that weren’t originally mapped out in the contractor’s plans. Kusile has been a nightmare for the entire Eskom grid, despite it being one of the most modern units in operation.
The build has b