CAPE TOWN/JOHANNESBURG – Cash-strapped Eskom could be set for a $480 million cash injection as the BRICS-owned New Development Bank was considering an application from the utility for a loan to finance its cleaner air technology at the Medupi power plant.
Medupi, which has 4 800 megawatts of designed installed capacity, is one of the biggest coal power generating facilities in the world. Yesterday, Eskom confirmed that the loan was for all Medupi units and associated balance of plant equipment. Medupi is being supplied with water from the Mokolo Dam and will later be supplemented by the Mokolo and Crocodile Water Augmentation Project pipeline, which is still be built by the Department of Water and Sanitation.
Ackerman said there was simply not enough spare power capacity to keep the economy going in case of missteps.
busrep But it is not even commissioned?
busrep Now they are stealing for real
busrep Huh?
busrep Wow, another opportunity for ANC EFF politicians to loot. Perhaps MyFokCyril has to do this to appease the factions that 'did not eat' under Zuma. TaxRevolt PaymentRevolt CivilRevolt
busrep Directly related to corruption. Make SAfrica Kak Again. VOTE ANC.
busrep Another chance for looters to grab money.
busrep Medupi isn’t worth it! Rather spend that money on IPPs!
busrep Close it down please.
busrep The R5 billion is for the cadres and then the rest for the real work.
busrep what about 300 billion that built Medupi? where did it ended up?
busrep Why?
busrep Bathong! Seriously?
busrep I can’t anymore 🤣🤣🤣🤣 surely someone made this up 🤡 please tell me it’s made up 😆😆😆 medrooopy isn’t even finished 🤣🤣🤣 and it needs an “upgrade”
busrep But Medupi is the newest of them all. Clowns.
busrep For what, to upgrade to stage 8?
busrep Which part. The unbuilt part or the half-built part.
Where are we going to get the 1 Trillion from?
busrep How do you upgrade something that is yet to be completed?
busrep Upgrade? I wouldn't give these thieves ten cents and a box of crayons. TSEK!
jozi117 busrep Of course the do! They are a big endless pit
busrep Upgrade
busrep Who what's to steal the money now again supose with load shedding it's a bit more eazy to steal in the dark
busrep Upgrade Medupi? It's not even operational yet? Does ANYBODY know what's fukken going on?
busrep Again? this guys are playing games what happened to billions that were accumulating each month ?
busrep Eskom approach the Asset Forfeiture Unit and confiscate all those corrupt Anc cadres cash they stole from the tax payers that way you don't need a loan but you will definately not get it from us.
busrep 😂😂😂😂😂😂 I give up!
busrep It's not even finished yet but it needs to be upgraded? WTF
busrep Should you not rather just finish it?
busrep Only a fool would even consider giving that amount of money to Eskom. They are so far in debt that they'll never be able to repay it. The Government? They aren't any better off what with all the free handouts they have to give while trying to fix what was stolen.
roger_JMD busrep So is that R6bn for the corrupt payments & R0.9bn for the upgrade?
ermbates busrep Anc to blame
busrep Send some debt collectors to Soweto.
busrep Upgrade to a not yet fully commissioned operation. Are they competing for mampara of the century title? Where the prize is Eternal Freedom to loot?
busrep .....and they want more money!
busrep And SAcans just sit and watch. We talk, but we are not pro-active. It's our money people.
busrep 😂😂😂😂😂😂this is not even funny
busrep Upgrading something that hasn't been full commissioned. I'm utterly speechless at the inept government. Time to leave SA to burn to the ground. It's on fire already
ermbates busrep Get the ANC & the ESCOM board & the crooks to pay - surely it was designed to function & meet the current standards - make Hitachi pay! Probable a spec fiddle used to steal money?
busrep CyrilRamaphosa Get the R17BILLION from Soweto who owe this amount and you'll have spare cash!!
busrep Hevhanna
busrep Eskom is not looking at the right places for loans. Can you try the Guptas PLS!!!
busrep Upgrade! Is construction finish or was old, outdated material use to construct in the 1st place?
busrep Just a little research you will know five units at medupi have been synchronised to the grid.
busrep That's a new power station no upgrade here they just wanna fund some lucrative business with the money.
busrep These mutherfuckers must think we are stupid, they really do!
busrep More money for the corrupt looters
busrep Noooooooo
jozi117 busrep Rather mothball Medupi and use the money to roll out subsidized solar power across the country! We need a solar unit on every roof, connected to the grid . Medupi will never be anything but a dirty, expensive sinkhole
busrep More money means more debt! Why wasn't it done sooner? Loans approved- more load shedding.Eish seems like they want SA to become another Zim
jozi117 busrep Hahaha.... I'm voting ANC
busrep Stop seeking and start using the extravagant bonuses you get oh and let's not forget sell off assets..
busrep Yhuuuuuu
busrep More money down the drain
busrep Isnt Medupi brand new?😂😂😂
busrep wheres Mathsela 'robin hood'Koko to come and enlightened us on what really hapoened with khusile and Medupi
busrep eskom can eat a pole wit rusted spikes
busrep Eskom_SA KhuluPhasiwe Please balance me here. What upgrades? cause it never worked. You only upgrade something that was working to improve it not something that never worked. StephenGrootes CyrilRamaphosa
busrep NO! Cut your staff and their bloated salaries. Hold the people responsible for corruption and get them to pay the money back. Eskom_SA have increased electricity by over 300% in 10 years, another 30 percent in the next few years! They just got R69billion!
busrep I can hear Pravin singing; ‘oh happy days, oh happy happy days...’.
busrep Eskom - Why not ask Mozambique 😀😄
busrep They must have pocketed all the other bail outs and loans already. Time for more loans they can't possibly pay back.