Eskom Ordered To Settle Contracts with Coal Billionaire

MIDDELBURG – With South African power utility Eskom set to receive over R200 billion in the next 10 years, a Mpumalanga contractor is demanding he be paid billions long owed to him in disputed coal contracts.

The Middelburg billionaire, Ramesh Joe Singh, who heads the Joe Singh Group, is waiting for Eskom to finalise new deals with his coal companies and to also pay pecuniary damages following a High Court order this week.

“We are pleased with the outcomes in respect of the Court Order handed down in the High Court. We look forward to Eskom honouring the terms of the Court Order and their obligation in terms of Summary Record of Negotiations so that we commence supplying much needed coal to Eskom,” says Mfundo Shabangu, Group Head of Legal.   

In a response received from Eskom, the power utility says they have become aware of the judgement from correspondence from SMS Attorneys, wolho said they represent Fentonia.

“Eskom did not participate in any litigation which led to the judgment. We have now sent an advisor to Mpumalanga to obtain the court papers. As we are still studying the judgement, Eskom is not in a position to comment on the matter,” said Eskom’s spokesperson,” Sikonathi Mantshantsha.