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Seven power plants lack sufficient coal supplies

Eskom is diverting coal to under-resourced plants. Company looking for new supplier; working with Treasury

South Africa’s state-owned power utility is working with the National Treasury to source more coal for seven of its plants that don’t have adequate supply, raising the specter of a return to rolling power cuts that have periodically slowed the economy since 2008.

Eskom Holdings is diverting coal to the under-resourced stations from facilities that have sufficient supply, spokesman Khulu Phasiwe said on Johannesburg-based broadcaster SAfm. The supply problems stem from mines run by Tegeta Exploration and Resources, he said.

Read Inside the ‘coal supply emergency’ at Eskom

“There are some difficulties — that’s the situation they’re managing now,” Phasiwe said of Tegeta. “From our side, we’re looking for a replacement supplier as soon as possible to make sure we don’t go back to the days of loadshedding, especially as we’re going into winter,” he said, using a local term for rolling blackouts, which the country was forced to implement in 2015 after seven years of power shortages hindered economic growth.

Tegeta is a company controlled by the politically connected Gupta family through Oakbay Investments and a son of former President Jacob Zuma. In December 2015, it bought Optimum, which includes a mine of the same name, the Koornfontein operation and a stake in Africa’s biggest coal-export terminal, from Glencore.

Oakbay said in August that it agreed to sell Tegeta for R2.97 billion ($247 million) to Swiss company Charles King SA. The disposal was expected to be concluded in 12 months, Oakbay said at the time.

© 2018 Bloomberg

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Is Eskom a provider of a service, a money trader, or a secret society clan run by the Zuma’s and Gupta’s

..And is it any co-incidence that this has been highlighted WHILE the Nersa hearings into Eskom’s obscene request for large hike in electricity tariff’s are ongoing????……come on, we are not THAT stupid???

Just pass a law that forces coaleries to make a certain quantum of preferential coal available to Eskom at preferential prices.

Nothing that comes out of this clown show’s spin mill should be treated at face value. If Eskom says it, then it’s probably a lie.

If you want to ensure that there is no loadshedding, then fine each Eskom board member the amount of money lost by the economy due to loadshedding. The problem will vanish very quickly.

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