Ten of Eskom’s 15 power stations have less than three weeks of (black) coal stock left.
According to spokesman Khulu Phasiwe, stock is low due to the fact that supply can not be replaced quickly enough. Accusations are now being placed on Tegeta Exploration who can not fulfil their contractual obligations because they are placed under management. Tegeta is connected to the Gupta’s Oakbay Investments.
New contracts are currently being investigated to acquire the necessary coal reserves that are needed to keep to power stations in operations.
It is now being questioned whether there is a debt crisis again. The other question is whether Eskom itself creates the crisis to support their application for higher tariffs. Most likely, it is only another way to milk and waste the consumer’s money, analysts believe.
Read the original article in Afrikaans on Die Vryburger