“There has unfortunately been ongoing misunderstanding on this matter and the amount of R5bn that Eskom is claiming in Tegeta Business against coal not supplied by the Optimum mine,” Gordhan said in the letter to Pemmy Majodina.Gordhan said Optimum — which has been supplying coal to Hendrina power station — was placed in business rescue in 2018.
He said Eskom had submitted a claim of about R5.5bn against Optimum in the business rescue proceedings. The claim was for undelivered coal for February 2018 to December 2018 and for poor coal supplied between September 2016 and January 2018.An arbitration was held, which in March determined that Eskom's claim was R1.2bn.
“Eskom’s voting share was determined at 24% to be exercised by Eskom in any manner it wishes to do,” Gordhan said in the letter.
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