Contrary to allegations in the media‚ the National Treasury has not issued any conclusive findings against Eskom on any of its coal contracts‚ the electricity provider says.
Meanwhile‚ it said it continued to co-operate with the Treasury on its investigations of the coal contracts.
“Through our normal interactions with the National Treasury‚ Eskom has repeatedly provided information to the National Treasury and where additional time is required has informed the National Treasury that some of the additional information that it had requested would only be supplied after Board approval.
“Meanwhile‚ the latest correspondence Eskom received from the Treasury was on 17 August 2016‚ in which the latter supported the extension of the coal supply contract for the Komati Power Station. In approving the extension‚ the National Treasury stated that the reason provided for the extension is that there is a need for continuous supply of coal to Komati as well as the utilisation of the stockyard at Koornfontein premises to supplement the coal stockyard at Komati‚” Eskom stated in a release.
The Koornfontein Mine is owned by Tegeta Resources & Exploration‚ which is reportedly controlled by the Gupta family.
Eskom disputed on Sunday that it had received out of specification coal worth more than R134-million from Tegeta‚ and said it had provided the documentation to that effect to the National Treasury.
“In addition‚ the Department of Water and Sanitation issued Tegeta with a water use licence on 22 December 2014. The spurious allegations by the Sunday Times‚ which have are being continuously regurgitated‚ are therefore wholly incorrect‚ mischievous and misleading‚” Eskom charged.
The Sunday Times reported that a National Treasury investigation had revealed that Eskom paid more than R130-million to a Gupta-owned mining company for coal the power utility could not use.
The Gupta family this week threatened to go to court to stop the Treasury from making public a report on the investigation‚ the newspaper said.
It added that the report‚ which it had seen‚ showed that Eskom signed a coal supply deal with Tegeta Exploration and Resources for a commodity they both knew was out of specification. The 10-year contract is worth R400-million a year.
Eskom co-operating with Treasury on probes into its coal contracts
Contrary to allegations in the media‚ the National Treasury has not issued any conclusive findings against Eskom on any of its coal contracts‚ the electricity provider says.
Meanwhile‚ it said it continued to co-operate with the Treasury on its investigations of the coal contracts.
“Through our normal interactions with the National Treasury‚ Eskom has repeatedly provided information to the National Treasury and where additional time is required has informed the National Treasury that some of the additional information that it had requested would only be supplied after Board approval.
“Meanwhile‚ the latest correspondence Eskom received from the Treasury was on 17 August 2016‚ in which the latter supported the extension of the coal supply contract for the Komati Power Station. In approving the extension‚ the National Treasury stated that the reason provided for the extension is that there is a need for continuous supply of coal to Komati as well as the utilisation of the stockyard at Koornfontein premises to supplement the coal stockyard at Komati‚” Eskom stated in a release.
The Koornfontein Mine is owned by Tegeta Resources & Exploration‚ which is reportedly controlled by the Gupta family.
Eskom disputed on Sunday that it had received out of specification coal worth more than R134-million from Tegeta‚ and said it had provided the documentation to that effect to the National Treasury.
“In addition‚ the Department of Water and Sanitation issued Tegeta with a water use licence on 22 December 2014. The spurious allegations by the Sunday Times‚ which have are being continuously regurgitated‚ are therefore wholly incorrect‚ mischievous and misleading‚” Eskom charged.
The Sunday Times reported that a National Treasury investigation had revealed that Eskom paid more than R130-million to a Gupta-owned mining company for coal the power utility could not use.
The Gupta family this week threatened to go to court to stop the Treasury from making public a report on the investigation‚ the newspaper said.
It added that the report‚ which it had seen‚ showed that Eskom signed a coal supply deal with Tegeta Exploration and Resources for a commodity they both knew was out of specification. The 10-year contract is worth R400-million a year.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos