Article: South Africa: Exxaro approves ZAR 9 billion (USD1.1bn) CAPEX for Medupi power station.

Byline: pinto03

The board of Exxaro Resources has approved a ZAR 9 billion (USd1.1bn) 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 6 unit Medupi and is finalizing the agreement on the second three 800 MW units. Most of Exxaro s ZAR 9 billion(USD1.1bn) investment will be allocated to the Grootegeluk coal plant.

Mr Dirk Van Staden CFO of Exxaro Resources assures that the ZAR 9 billion (USd1.1bn) the Exxaro ...

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