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How much is Medupi really costing the country?

President Jacob Zuma announced Medupi would cost R105 billion but that number has now increased.

FILE: Medupi Power Station. Picture: EWN.

JOHANNESBURG - The projected final cost of the Medupi Power Station came under the microscope on Tuesday at a Civil Society Conference on the electricity crisis with Eskom - analysts forecasting the figure between R100 and R300 billion.

NGOs, community groups, unions and analysts attended the conference in Booysens where they voiced support for solar energy and criticised Eskom's financial management.

In May 2013, President Jacob Zuma announced Medupi would cost R105 billion but that number has now increased.

Energy expert Ted Blom claims he'd seen an internal Eskom document which prices Medupi at R300 billion.

"The R300 billion on Medupi consist of R91 billion, plus five years of delays in escalations, plus reworks, and change of scope."

Another expert Chris Yellend said his estimation was far more conservative.

"It gives a total cost to completion of about R154,2 billion as of May 2015."

Eskom's Khulu Phasiwe said the R105 billion forecast did not include cost over-runs.

"Obviously there have been cost overruns we are collecting figures, we will makes those figures public in due course."

Medupi was due to be synchronised with the national grid this week but Eskom said it wasn't ready.

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