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After spiralling costs, Ingula is now powering the economy

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Cape Town - The Ingula pumped storage scheme, which has allegedly seen costs balloon from R8.9bn to R36bn, has pumped billions into South Africa's limping economy.

Eskom said in a statement on Wednesday that Ingula has spent R6bn towards small businesses involving black women and youth and R20m towards the upgrading of schools.

Ingula, situated between Ladysmith and Harrismith in the Little Drakensberg, is a peaking hydro power station, meaning it can supply electricity during times of peak demand. It consists of an upper and a lower dam or reservoir and a powerhouse located 116 storeys underground in two excavated underground caverns.

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