Article: South Africa: Exxaro approves R9bn capital expenditure at Grootegeluk for Eskom s Medupi power station.

Byline: kavita03

The board of Exxaro Resources has approved a R9-billion capital expenditure to expand the Grootegeluk coalmine and plant to meet the demand for coal from Eskom s new Medupi power station, which is under construction in South Africa s Limpopo province.

Exxaro has concluded the coal-supply agreement for the first three 800-MW power units of the six-unit Medupi and is finalising the agreement on the second three 800-MW units.

CFO Dirk Van Staden assures, however, that the R9-billion the Exxaro board has approved for the expansion of the Grootegeluk coal plant and mine covers all six units.

It will cover the two sets of ...

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