(1)(a) Medupi power station units 1-5 are not yet in operation, therefore there is no cost of accumulated maintenance backlog. Unit 6 is in operation and there is no maintenance backlog.
(1)(b) Kusile power station is not yet in operation, therefore there is no cost of accumulated maintenance backlog.
(2)(a)(i) & (ii) Medupi Power Station Project cost make up is R 134.20 billion including capitalised interest. The key cost components are: Total Value of Packages, Owner’s Development Cost, Escalation, Cost of Cover, Contingencies and Rate of Exchange Adjustment as indicated below:
Cost to completion component |
R’billion |
Total value of construction packages |
74.15 |
Owners Development Cost (ODC) |
11.19 |
Escalation |
12.69 |
Cost of Cover |
3.97 |
Contingencies |
3.00 |
Total project cost (excluding interest during construction) |
105.00 |
Interest during construction |
29.20 |
Total project cost (including interest during construction) |
134.20 |
(2)(a)(iii) Medupi Construction cost escalations are currently going through the Eskom governance process.
(2)(b)(i) & (ii) Kusile Power Station Project cost make up is R 167.20 billion including capitalised interest. The key cost components are: Total Value of Packages, Owner’s Development Cost, Escalation, Cost of Cover, Contingencies and Rate of Exchange Adjustment as indicated below:
Cost to completion component |
R’billion |
Total value of construction packages |
66.9 |
Owners Development Cost (ODC) |
12.9 |
Escalation |
22.7 |
Cost of Cover |
5.6 |
Contingencies |
10.4 |
Total project cost (excluding interest during construction) |
118.5 |
Interest during construction |
48.7 |
Total project cost (including interest during construction) |
167.2 |
(2)(b)(iii) Kusile construction cost escalations are currently going through the Eskom governance process.