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40-50 years of underperformance at Eskom due to problems at Kusile and Medupi – Chris Yelland 

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Energy expert Ted Blom warned this weekend that loadshedding could haunt South Africa for at least another five years. Blom said he believed it could take Eskom that long to sort out its coal problems and its maintenance backlog. He also mentioned that coal stations in Mpumalanga were operating at 72% capacity, which is expect to drop below 50% within the next year. This was followed by an estimate of another Eskom insider, Mike Rossouw who said that the cost overruns of Medupi and Kusile power stations could run into more than R1trn. Biznews founder Alec Hogg asked energy expert Chris Yelland whether this was an exaggeration and asked him who was to blame for the problems at the all-important Medupi and Kusile power stations. – Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
26 Feb 2020 5AM English South Africa Investing · Business News

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