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Loadshedding won’t be an issue this winter: Eskom

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Eskom insists that loadshedding won’t become an issue this winter. However, the power utility’s liquidity crisis remains a serious concern.

It told Parliament’s Appropriation Committee that it’s now revising its Corporate Plan with a view to finalising it by September.

The new Corporate Plan will replace one adopted by the previous Board less than a year ago. The current Board says it was compiled as if it was business as usual, whereas that’s not the case.

Eskom says it’s cleaning up house to improve financial controls and governance lapses.

On the financial front, the power utility says the R23 billion cash injection has improved liquidity.

The company, however, says it’s liaising with National Treasury to it help it procure coal so it can avoid loadshedding this winter.

The power utility has also revealed that it’s conducted 239 investigations to root out corruption. 75 have been completed while another 39 are currently going through disciplinary processes.

Eskom has also confirmed that it’s probing Gupta-linked company Tegeta Resources, which owned Optimum mine before it was put under business rescue.

Eskom Group Executive for Transmission, Willy Majola says, “An incident did actually occur in August last year where the mine requested the power station to record receipt of 37 kilo tons of coal whereas it was not delivered. And yes, the mine did record it and the mine had said they were going to deliver the coal in September, but of course, the coast was not delivered in September. But it had been recorded on the coal book that it was delivered then the payment process was activated. But in January they actually send back a credit note to Eskom, the coal had not been delivered.”

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