“Eskom has been using open cycle gas turbines for more than 10 years since we have had this problem of shortage of capacity. This burns a significant hole in the finances because it costs a lot of money.
“Eskom has already told investors and the public that we are expecting to report a loss of about R22 billion in the year ending March 2021,” he said.the De Wilge Residential Development Project in Mpumalanga to the Human Settlements Department. This after it was revealed by the Auditor-General of South Africa, during a standing committee on public accounts briefing last week, that the power utility’s fruitless and wasteful expenditure increased from R538 million to R2.9 billion in the last financial year.Part of the R2.9 billion was spent on building a block of flats which were meant to house technicians who were going to work at Kusile Power Station while it was being built.
Initially, the budget for the flats was R160 million but it later increased to R840 million. The flats have now been abandoned and deemed impaired.For more news your way, download The Citizen’s app for
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