Gupta-Zuma Company Wins 3 Contracts With Eskom, City Press Says
This article is for subscribers only.
Tegeta Exploration & Resources (Pty) Ltd., the South African company owned by the Gupta family and a venture fund in which President Jacob Zuma’s son in an investor, has won three contracts to supply coal to Eskom Holdings SOC Ltd., City Press reported, without saying where it got the information.
As a result of buying the Optimum coal complex from Eskom, Tegeta has a contract to supply the utility’s Hendrina power plant with 5.5 million metric tons of coal at 150 rand ($9.49) a ton until 2018, City Press said. It also has a short term contract to sell 50,000 tons of coal a month to the Arnot plant at 406 rand a ton, the Johannesburg-based newspaper said.