Claims that Gupta-linked Tegeta threatened to cut Eskom's coal supply

Gupta-owned Tegeta has threatened to shut down coal supply to Eskom.

Tegeta and Trillian founder Salim Essa and President Zuma's son Duduzane Zuma wanted Eskom to increase the R150/ton it pays to Tegeta for coal from Optimum Mine.

According to investigative journalism unit AmaBhungane, leaked minutes of an Eskom meeting on Friday reveal how Eskom retaliated by threatening to approach the court.

The leaked documents have also revealed that Tegeta's threats to cut the coal supply came just as Eskom discovered a massive miscalculation that over-estimated the size of Hendrina's strategic coal stockpile.

Stephen Grootes spoke to Organisation Undoing Tax Abuse's head of energy and and former Eskom employee Ted Blom.

Back in 2006 we had the same problem with differential prices being in the market place, with BEE being offered a double premium on coal.

Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa)

This is nothing new, he says.

Optimum mine is a 13 million ton a year operation...roughly half goes to export, half goes to Eskom. The export was cut back by Glencore before they had to dump the mine on the Guptas on the basis that they wanted to try and manipulate the Eskom price....

Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa)

Click on the link below to hear more from Blom...


This article first appeared on 702 : Claims that Gupta-linked Tegeta threatened to cut Eskom's coal supply


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