Eskom’s Power Project Costs Rise

Eskom says that while costs for its two new power plants had risen on the back of volatile commodity markets, they will be completed on time.

Company spokesperson, Fani Zulu, points out that the costs for the Medupi power station had risen to R100 billion from previous estimates of R84-billion. Costs for Kusile are now estimated at R111 billion, up from previous forecasts of R80 billion.

He says only the Tubatse hydro power plant will be delayed because it was not required urgently as energy demand is expected to grow at a much slower pace due to the economic slowdown.

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