Eskom withdraws force majeure and warns of loadshedding risk
State-owned power utility Eskom has advised coal miner, Exxaro, of its withdrawal of the force majeure notification with immediate effect.
This follows Eskom’s issue to Exxaro Coal in April 2020 of a force majeure on the agreements for the supply of coal from Exxaro Coal to the Medupi and Matimba power stations – applicable for the period starting at 16 April 2020 until one month after national lockdown has been completely lifted.
Upon receipt of the force majeure notice, and after consultation with its legal advisers, Exxaro said that the event does not constitute force majeure as stipulated in the coal supply agreements, as the power stations are still capable of supplying power.
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