Eskom paid Exxaro R9.7 billion in penalties on Medupi coal contract

The original article can be found here.

Article highlights:

  • Eskom paid billions of rand in penalties on a coal contract at one of its newest plants.
  • The payments on Eskom’s take-or-pay contract at the Medupi plant for the dirtiest fossil fuel reached R9.7 billion in November.
  • The utility’s previous attempts to renegotiate the contract with Exxaro were rejected by the mining company.