Medupi is likely to cost 200% more than original budget
Free Market Foundation
09 July 2013
Medupi is likely to cost 200% more than Eskom’s original estimate and cost the economy a staggering R1,408 bn when the cost of unserved energy (COUE) is counted
The true cost of Medupi is likely to be at least R145-billion and not R105-billion as Eskom is saying. This is according to the Energy Policy Unit (EPU), part of the Free Market Foundation (FMF) who cautioned that Medupi would not meet its December deadline at a recent media briefing on June 05. Doug Kuni, chairman of SA Independent Power Producers (SAIPP) said that not only was this delay predictable, even mid 2014 will not see Medupi supplying mainstream power to the national grid which is only likely to happen nearer Q4 2014. The cost to the economy of the Medupi delays is immense not only in building the station but in the compounded opportunity cost of lost and delayed growth, capacity and jobs due to constrained power supplies which is unlikely to be recouped. Read more
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