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eskom coal requirements next 2 years

  1. 123 Posts.
    Posted to the web on: 18 February 2008
    Coal markets rocked by Eskom’s ambitious plan
    ESKOM’s plan to buy an additional 45-million tons of coal to replenish depleted stockpiles has been met with incredulity internationally, This could be the first time that SA, a net exporter of coal, imports coal. A New York-based analyst, who declined to be named, said on Friday Eskom’s plan could be hampered severely by tight global supply caused by Indian and Chinese demand.
    Eskom said last week it would buy the 45-million tons of coal over and above its running requirements of 125-million tons a year.
    The additional coal would be added over the next two years to raise coal reserves at power stations to at least 20 days’ supply. The analyst said South African collieries could probably supply only half of the 45-million tons of coal Eskom planned to buy. The rest would have to be imported.
    On the coal price, figures of R400/ton had been mentioned, he said. At R400-R750/ton, Eskom’s additional coal purchases could cost the utility anything between R25bn and R33,7bn.
    Barker said there had been many interactions between local coal suppliers and Eskom. Many collieries had indicated that they were willing to help the utility.
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