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Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Johannesburg - Future contracts for Eskom's coal-fired Kusile power station
have been put on hold, the electricity parastatal said on Thursday.
Contracts would be put on hold for around two months until the
parastatal had received clarity on its proposal for tariff
increases from the National Energy Regulator.
"Eskom has been proceeding with all placed contracts at Kusile
- however the unplaced contracts will remain so," spokesperson Andrew
Etzinger told Sapa.
"Unless we have revenue certainty we can't place the contracts."
Construction at Kusile had not come to a halt as the work
underway stemmed from contracts already placed.
"It's complete speculation to say whether or not the delays at
Kusile will continue beyond the outcome of the tariff increase
application to Nersa," Etzinger said.
Kusile power station, situated at Emalahleni in Mpumalanga, had
been expected to satisfy 10% of the country's electricity
demand.
The power station would reportedly cost around R120bn to
complete. Eskom has stated previously that the first unit of Kusile
was expected to be completed by 2013 and would deliver 4 800
megawatts.
- Sapa