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Is the contract between Eskom and a certain company (name furnished) for the supply of electricity renegotiated

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Is the contract between Eskom and a certain company (name furnished) for the supply of electricity renegotiated
08/08/2012

Question for written reply

Question no.: 2040

Date of publication: 08 August  2012
2040. Mr L W Greyling (ID) to ask the Minister of Public Enterprises:
Whether the contract between Eskom and a certain company (name furnished) for the supply of electricity has been renegotiated; if not; why not; if so, what (a) were the reasons for renegotiating the contract, (b) clauses were renegotiated and (c) agreements have been made? NW2519E

Reply:

Eskom has three (3) main contracts with the company referred to, of which one contract was renegotiated in 2010. The main reason was to remove the embedded derivative (i.e. replace the Dollar denominated with a Rand (ZAR) denominated tariff structure). With regard to the other two contracts, no agreement has been reached. 

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