South Africa

LISTEN | City Power agrees to payment plan with Eskom

An agreement has also been reached for Eskom to write off R830m in penalties and related costs‎‎.

Johannesburg mayor Dada Morero, electricity minister Kgosientsho Ramokgopa and City Power chair Makhosini Kharodi during a press briefing where they provided updates on the resolution of the electricity billing and debt dispute between Eskom and City Power, at Joburg Theatre.
Johannesburg mayor Dada Morero, electricity minister Kgosientsho Ramokgopa and City Power chair Makhosini Kharodi during a press briefing where they provided updates on the resolution of the electricity billing and debt dispute between Eskom and City Power, at Joburg Theatre. (Thapelo Morebudi)

Electricity minister Kgosientsho Ramokgopa on Tuesday said Johannesburg's City Power will pay R3.2bn over four years to Eskom.

This after a court-ordered mediation process that led to a report by the South African National Energy Development Institute.

An agreement has also been reached for Eskom to write off R830m in penalties and related costs‎‎.

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