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Eskom's Medupi Explosion to Cost R20-40bn and Take 1-2 Years to Repair

SOUTH AFRICA
  • Energy expert Ted Blom says the blast at Eskom's Medupi Unit 4 will cost between R20-40bn to repair and over two years to return to operation
  • The exact number has yet to be quantified, but investigations are still ongoing - but 800MW will be taken from the grid while the repairs are ongoing, adding to load-shedding risks over the summer period
  • Notes funding for the repairs would depend on the assessment of insurance investigators and if there was liability Eskom would have to pay out of pocket for.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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