Johannesburg - Finance Minister Pravin Gordhan will order the National Treasury to scrutinise all the coal supply contracts awarded by Eskom, the Sunday Times newspaper reported, citing unidentified sources.
“If it is true we will await a directive from the Treasury," Khulu Phasiwe, an Eskom spokesperson, said by phone on Sunday.
“At this stage I am not aware of any request. If the Treasury would like information about the coal contracts we have, we will make the information available.”
State-owned electricity provider Eskom is building two coal-fired power plants and a hydro-power complex as well as renewable energy plants to help reduce rolling power cuts that were implemented due to inadequate generation capacity.
Treasury spokesperson Phumza Macanda didn’t respond to phone calls by Bloomberg News.
Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.
24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.