Friday, May 4, 2018

Coal ‘not like buying bread’, Hadebe says as Eskom reverses policy on cost-plus mines

Coal ‘not like buying bread’, Hadebe says as Eskom reverses policy on cost-plus mines: In a major policy reversal, State-owned electricity producer Eskom is budgeting to invest in the sustenance of mines that supply coal to the utility on a cost-plus basis. During Brian Molefe’s controversial tenure as Eskom CEO, the utility became hostile to the cost-plus model, which Molefe described as being akin to owning a bakery when it was bread that was required.

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