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We did not pay Tegeta Exploration and Resources R5 billion - Eskom

5 June 2020 1:31 PM
Tags:
Eskom
Coal
Tegeta
Tegeta eskom deal

The power utility's spokesperson Sikhonathi Mantshansha explains why the amount reached R5 billion.

Eskom has denied that it has paid R5 billion to Tegeta Exploration and Resources.

On Thursday, Parliament’s Standing Committee on Appropriations said it will call back Eskom to account on the alleged erroneous payment made to Tegeta.

According to the committee, during its oversight to Eskom’s Megawatt Park in October 2019, Eskom management told the committee that they had found a R4 billion overpayment to a certain contractor.

Clement Manyathela speaks to Eskom spokesperson Sikhonathi Mantshansha.

Eskom did not pay Tegeta Exploration and Resources R5 billion.

Sikhonathi Mantshansha, Spokesperson - Eskom

In 2016 Eskom signed a contract with Tegeta Resources for coal supply of R3 billion a year over ten years.

Sikhonathi Mantshansha, Spokesperson - Eskom

Eskom paid for coal worth R1.3 billion but there were penalties that were levied by Eskom on Tegeta and that is how the claim ballooned to R5 billion. Eskom has that claim against Tegeta, it is not money that was paid out by Eskom.

Sikhonathi Mantshansha, Spokesperson - Eskom

Listen to the full interview below...


5 June 2020 1:31 PM
Tags:
Eskom
Coal
Tegeta
Tegeta eskom deal

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