Eskom tariffs in AMSA’s action plan crosshairs as losses spike

July 27, 2017

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Steel producer ArcelorMittal South Africa (AMSA) will approach the National Energy Regulator of South Africa (Nersa) directly with a request for discounted electricity tariffs as part of a multi-pronged business sustainability action plan unveiled after the JSE-listed group slumped to a R1.6-billion headline loss in the six months to June 30. CEO Wim de Klerk expressed a degree of frustration on Thursday that, following more than a year of discussion with Eskom regarding a more favourable tariff dispensation, the State-owned power utility had only recently indicated that AMSA should, instead, “fight its own battle” before the regulator.

Category: General