Hitachi Power Africa

Views about multinational energy and gas companies sponsoring the United Nations climate conferences are strongly divided

If a bidding company’s financial relationship has the potential to favour it in the award of a tender, it should not be bidding in the first place.

Zille says that SA’s progress is being reversed under Zuma and South Africans should be furious.

Helen Zille has written to the Competition Commission over possible collusion between Hitachi and Alstom for a tender to build boilers for Eskom.

Hitachi Power Africa on Tuesday pleaded ignorance about questionable business links with the ruling African National Congress.

The ANC’s investment arm Chancellor House will receive R50-million over eight years in profits from Eskom’s Medupi and Kusile Power Stations.

ANC treasurer Mathews Phosa said the decision to sell the party’s stake in Hitachi Power Africa should be taken by the ruling party.

The ANC was defiant this week about its involvement with Hitachi Power Africa, which secured a multibillion-rand contract with Eskom.

The ANC stands to earn R1-billion if the World Bank grants Eskom a loan to finance work on the Medupi power station.

The African National Congress has ordered an audit of all empowerment deals and tenders that were received by its investment company, Chancellor House, media reports said on…