About: http://data.cimple.eu/news-article/532e8a63cd0e8de45676c67c770576a695598662ae2a41f61f5f6dfa

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About: http://data.cimple.eu/news-article/532e8a63cd0e8de45676c67c770576a695598662ae2a41f61f5f6dfa Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	A subsidiary of Swedish-Swiss multinational firm ABB will return $100 million corruptly paid to it five years ago for the construction of a power plant, South Africa's state utility Eskom said Friday Eskom said in a statement that following "lengthy investigation and negotiations," a deal had been reached with ABB South Africa for the repayment of 1.56 billion rand ($103-million) related to a contract "unlawfully awarded through corrupt means for work at the Kusile power station". State-owned utility Eskom, in its quest to ease pressure on its fleet of ageing and poorly-maintained power stations, commissioned the construction of two coal-fired plants in 2007. Kusile, east of Johannesburg, was one. But the project was fraught with massive corruption allegations. President Cyril Ramaphosa last year acknowledged that the problems with the construction of Medupi and its 'twin' Kusile station account for much of the financial crisis at Eskom. Government welcomed the recovery of funds from ABB, calling it "a crucial milestone in the fight against corruption" "It ensures that companies and individuals found to be complicit in or have benefited from malfeasance at (state owned enterprises) are held accountable," the Public Enterprises Department said in a statement. "We are confident that the recovery of the funds from the ABB instance is an indication that government is gradually turning the tide against state capture and corruption in the public and private sectors," it said. Despite construction of new power plants, South Africa experiences intermittent power outages, locally known as loadshedding. sn/cdw
schema:headline	ABB to repay S.Africa $100-mln in plant build graft case
schema:mentions	Multinational corporation South African rand Power station Cyril Ramaphosa Johannesburg Eskom South Africa President of the United States Rolling blackout Medupi Power Station Kusile Power Station CDW
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)

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