Eskom issues high load shedding alert for Friday
It’s emerged Eskom has paid up to R1.2 billion for coal it hasn't been able to use due to delays at Medupi.
JOHANNESBURG - As Eskom issues an alert for load shedding today, it's emerged the parastal has paid up to R1.2 billion for coal it hasn't been able to use, putting the utility under more financial strain.
Despite the cash injection from the National Treasury and assistance from government to try and put Eskom back on course to keep the lights on, Business Day is reporting delays at the Medupi Power Station have cost the utility dearly.
By the end of this year, Eskom will have paid about R1.2 billion to Exxaro for coal it hasn't been able to use due to extensive delays at Medupi.
Exxaro meanwhile is benefiting from these delays after two years of income shortfalls.
It sells 94 percent of its coal to Eskom and while the fossil fuel isn't being used, it helps the company better exploit its high value export-grade coal.
Eskom hopes that Unit 6 at Medupi will be fully functional by June and producing 10 times what it's producing now.
In the meantime, Eskom has issued a high risk alert for load shedding this morning.
Take a look at EWN' s feature on how to survive load shedding.
To view load shedding schedules in your area, click here.