/file/attachments/2986/KelvinPowerStation_5ab_288868.jpg "City seizes control of Kelvin in shocking gas power grab.")
A CITY IN FLAMES IS TRYING TO BUY A FIREHOSE IT ALREADY SOLD. Johannesburg’s desperate power grab for private energy assets exposes a DANGEROUS and EXPENSIVE collapse.
City Power is BROKE, drowning in a R20-BILLION overdraft and losing nearly HALF the electricity it buys from Eskom. Now, officials want to buy back the Kelvin Power Station and Egoli Gas—companies the city sold off decades ago. The shocking council report, viewed by Our City News, reveals this is a panic move to escape Eskom’s crushing tariffs.
LOOK AT THE PHOTO of the Kelvin Power Station. This private coal plant, sold in 2001, now supplies up to 14% of Joburg’s power at a FAR cheaper rate. The numbers don’t lie: Kelvin charges R1.61/kWh. Eskom charges R1.89/kWh. That small difference means BILLIONS in savings for a city bleeding cash.
WHO PROFITS? The elite. Kelvin is owned by Anergi, linked to billion-rand players like Tshepo Mahloele and Sandile Zungu, with stakes in airports, wind farms, and undersea cables across Africa. Egoli Gas is owned by the Reatile Group. As the city begs to buy, these powerful insiders hold all the cards.
Meanwhile, the photo of Egoli Gas’s network shows critical infrastructure the city no longer controls. This isn’t just about cheaper power—it’s about survival. But with City Power’s finances in ruins, WHO WILL REALLY PAY for this multi-billion-rand bailout of the city’s own past mistakes?
The feasibility studies are a formality. The desperate scramble is on. This is what happens when failure is rewarded and the public wallet is always open.
You are being sold a solution to a crisis that corrupt and incompetent leadership created.
Edited for Kayitsi.com
Author: Kayitsi.com
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