Court ruling affirms its position on on-demand performance guarantees
Channel: CreamerMedia
Date: 2013-10-21

In February this year, an urgent application in respect of three performance guarantees of more than R600-million was brought jointly by boiler contractors Hitachi Power Africa and Hitachi Power of Europe (Hitachi) to the South Gauteng High Court against State-owned power utility Eskom in respect of the Medupi power station, in Mpumalanga.