Gordhan blames looting at new stations for high electricity prices

Gordhan blames looting at new stations for high electricity prices

- Public Enterprises Minister Pravin Gordhan says SA is paying more for electricity and it is due to theft at the largest power stations

- The politician says looting at Medupi and Kusile has resulted in citizens paying four times more than what they did at the start of the decade

- Meanwhile, an Eskom employee has been busted for stealing nearly R300 000 worth of copper cables in what has been dubbed an act of sabotage

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Pravin Gordhan has chalked South Africans paying more for electricity up to looting and mismanagement at the Medupi and Kusile power stations.

In a recent interview with News24, the Public Enterprises Minister revealed that citizens were paying four times what they did ten years ago due to the situation at the stations:

"It's because of tariff increases, and that’s to pay for Medupi and Kusile overruns, all the stealing that happened. It's for all the extra you’re paying for coal and maintenance and to original equipment manufacturers, et cetera. And it’s the ordinary citizen and the economy that’s paying the cost."

READ ALSO: Ramaphosa: Medupi, Kusile stations are responsible for Eskom woes

Briefly.co.za gathered that both projects were started in 2007 and had meant to be completed five years ago at a cost of R163 billion.

However, neither station has been completed, with the last only expected to be online in 2023. Costs have now ballooned to nearly R450 billion.

Meanwhile, an Eskom employee was busted attempting to sell R280 000 worth of copper cables looted from the power utility.

The employee had been nabbed in a sting, with police officials following the truck to a scrap metal dealer, who has also been taken on over the illicit incident.

In a statement released in response to the discovery, the utility commented that:

“We are saddened that one of our own is implicated in the alleged theft. However, we remain committed to rooting out any wrongdoings that undermine our ability to deliver services and be efficient in our operations. The investigation was informed by our commitment to resource optimisation, where we ensure everything is put to proper use. We will heighten efforts to curb all material losses and all criminal acts by our employees.”

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Source: Briefly.co.za

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