National 29.8.2016 02:54 pm

Eskom denies Gupta R130m coal deal

Eskom said National Treasury hasn’t made any conclusive findings against it on any of its coal contracts.

Eskom has rubbished weekend reports that it signed a lucrative R400-million coal supply deal with a Gupta-owned mining company that it doesn’t even use.

The utility released a statement on Sunday refuting a Sunday Times report referencing a probe by National Treasury, which allegedly found that the power producer had paid more than R130 million to  Koornfontein Mine, a company which is said to owned by the controversial family’s Tegeta Exploration and Resources.

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Eskom said National Treasury hasn’t made any conclusive findings against it on any of its coal contracts.

Its statement read: “Through our normal interactions with the 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 August 17, 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.’’

The publication aslo alleged the Guptas had threatened legal action to stop the Treasury from making the report public.



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