Eskom warns of Medupi power delay
By Siphelele Dludla
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ESKOM has warned that it will take another 24 months and an additional R13 billion for the Medupi power station to deliver electricity to the national grid at full capacity at a time when the economy is fragile.
This could put a damper on the expected economic recovery as the ongoing energy crisis could see Eskom continue failing to meet the countryâs electricity demand, leading to muted industrial activity.
The SA Reserve Bank last month took a cautious stance and maintained its 4.2 percent gross domestic product outlook for 2021 as recent supply disruptions and protracted lockdown could result in downward risks to economic growth. The struggling power utility yesterday announced that its flagship Medupi in Limpopo has been finally completed, 14 years after the project commenced.