Fin24.com | Eskom should pay fair price for coal, says deputy president

douglasdigitaldaily.com

- douglasdigitaldaily.com | 2 weeks ago

Deputy President David Mabuza agreed with members of Parliament that Eskom should not pay arbitrarily high prices for coal if the beleaguered power utility is to recover from its years of financial strife.

Mabuza was replying to questions in the National Council of Provinces on Thursday afternoon. His reply comes a week after the release of a special paper on Eskom by Minister of Public Enterprises Pravin Gordhan and Minister of Finance Tito Mboweni‘s mini-budget.

Both ministers stressed the importance of Eskom receiving value for its money when buying coal from suppliers for its power stations.

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