Eskom to overspend by more than R52 billion on power contracts
2 May 2018
A report submitted to the Parliament Appropriations Committee by the Office of the Central Procurement Officer has revealed that Eskom will overspend by R 52,2 billion or 48,5% on the Medupi and Kusile power stations. The split between the two power stations is:
Kusile power station - R 26,2 billion (45,3%) overspend.
Medupi power station - R 26,0 billion (52,2%) overspend
I have since written to the Office of the Chief Procurement Officer to determine whether there are any active forensic investigations into these contracts, and if not, to request that they be instituted as a matter of urgency.