Ten of Eskom’s fifteen power stations have less than three weeks of (black) coal stock.
According to spokesman Khulu Phasiwe, inventory is low due to the fact that inventory can not be replaced quickly enough. The blame is now being placed on Tegeta Exploration who can not fulfill their contractual obligations because they have been placed under business rescue. Tegeta is connected to the Gupta’s Oakbay Investments.
New contracts are currently being concluded to acquire coal.
It is now being questioned whether there is a load shedding crisis again. The other question being asked is whether Eskom itself creates the crisis in 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
South Africa Today – South Africa News
