Eskom wants their 400 000 tons of coal

Eskom is sitting around the table with the Optimum Coal Mine business rescue practitioners to discuss the coal supply Hendrina Power Station needs.

In terms of the coal supply agreement with Eskom, Optimum Coal Mine is obliged to supply 400 000 tons of coal to Eskom’s Hendrina Power Station each month at the price of R201.46 per tonne.

Eskom is currently considering the business rescue practitioners’ proposal to reduce the monthly coal supply tonnage from 400 000 to 200 000 tonnage for the remainder of contract period given the precarious financial position of Optimum Coal Mine.

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“We wish to state categorically that to date, Eskom has not agreed to any price adjustment with the business rescue. Should Eskom decide to accept any reduction of the coal supply tonnage, as proposed by the business rescue practitioners, such will be done at the current coal supply agreement price,” the powerhouse said in a statement.

“Eskom is not in possession of the business rescue plan yet, however, can confirm that it has requested the plan from the business rescue practitioners so it can engage amicably as an affected party.”

No agreement has been reached yet.