PAYMENT WRANGLE: Stefanutti Stocks comes back at Eskom with a R1.14bn estimated claim for Kusile

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 84%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The beleaguered power utility Eskom may be forced to back down on its claim that construction company Stefanutti Stocks was overpaid to the tune of R1bn for the Kusile power project and instead find itself liable to pay Stefanutti R1.14bn.

In June 2020, Eskom alleged that it had overpaid around R4-billion to various contractors involved in the construction of the 4,800MW coal-fired Kusile Power Station. The overpaid amounts were broken down into R1-billion each for Stefanutti, multinational ABB, and Tubular Construction Projects, with another R735-million to Tenova Mining and Minerals and another R180-million to “various site service contractors”.

Stefanutti and Eskom entered into an interim arrangement in February 2020 to appoint independent experts to determine the causes, duration and to quantify all delay events up to 31 December 2019. They agreed that the Dispute Adjudication Board would then issue a final, binding decision, which Eskom and Stefanutti would abide by.

Stefanutti anticipates that it will submit the remaining claims relating to commissioning costs and interest to the experts in the new year and that the adjudication board will issue a binding decision during the second quarter of 2023. Both Eskom and Stefanutti will still have the right, at that point, to issue a notice of dissatisfaction and refer the dispute to arbitration.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

chrisvick3 Messy and not sure how Gwede will respond now with the military being deployed at power stations ?

Barely generating electricity.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stefanutti Stocks says claims for Kusile work now total R1.14bn | BusinessConstruction and engineering group Stefanutti Stocks has submitted a provisional cost claim totalling R1.14 billion for its work on the controversial Kusile power station, having submitted construction and finance cost claims on Tuesday. | News24_Business _Business Is there money to Pay? Will the Company have to wait more than 30 days for Payment? I think that money will go to the new Government Preferred Ship building Project in Mpumalanga.... _Business Scan from Construction mafias
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »

Stefanutti Stocks files claims in dispute with Eskom over KusileGroup will submit remaining claims relating to commissioning costs and interest to experts in the new year I wonder which side was Oberlhozer when these transactions took place.
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

How to run a filter to find winning stocks[ICYMI] MoneywebNow podcast with SimonPB, a look at how to filter shares to find quality stocks and a look at retail stocks in 2022. Download podcast:
Herkunft: Moneyweb - 🏆 5. / 77 Weiterlesen »