The announcement today by Eskom that the Medupi power station will not meet its December 2013 deadline and that first power from Medupi could only be expected in the second half of 2014 must be met with action by the Minister of Public Enterprises, Malusi Gigaba.
The latest delay forecasts a shortfall of power supply in 2014 of 700MW and comes at an expected 15% price increase, pushing the cost of the project from R91 billion to R105 billion. An additional R10 billion to taxpayers.
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