Eskom has no contracts with Trillian and associated companies
27 October 2016
Eskom has been inundated with media queries about the contract it has allegedly awarded to advisory group Trillian Capital Partners.
We would like to state categorically that Eskom has no contracts in place with Trillian Capital Partners and/or associated companies.
When the current Board was appointed in December 2014, Eskom was facing challenges at both operational and financial levels. This period was plagued by capacity constraints, delays in the new build programme and the associated cost overruns, and load shedding.
These challenges led to the Board initiating an investigation into the reasons for the above issues and to also devise a turnaround strategy for the organisation. Pursuant to this, in June 2015 the Board gave the mandate to negotiate a risk-based contract with McKinsey, covering the main risk areas of the turnaround strategy.