Fin24.com | Gordhan: Govt won't scrap costly renewables contracts, but will renegotiate them

dodsondigest.com

- dodsondigest.com | 4 months ago

Reviewing coal contracts Responding to a separate question from EFF MP Mbuyiseni Ndlozi about whether government is reviewing excessively priced coal contracts, Gordhan confirmed, as per the special paper on reforms at the power utility, that expensive coal contracts will be renegotiated.

“Eskom acknowledges that certain coal contracts are deemed to be excessively priced,” Gordhan said.  Coal is the item responsible for most of the money spent by Eskom, he added.

The minister and Mantashe have also been meeting with the mining sector.

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