Eskom Prepaid Guptas’ Tegeta $38 Million for Coal Supplies

  • Paying companies in advance has been done before, Eskom says
  • Eskom isn’t diverting coal from Hendrina plant to Arnot

South Africa’s electricity utility paid 578 million rand ($38.2 million) in advance for coal supplied by a Gupta family-controlled company to guarantee supplies for a power plant, the producer and an Eskom Holdings SOC Ltd. executive said.

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