News Formal

Stalled power projects for 1 850 MW risk losing grid access by month end | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 80%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Companies yet to complete financing arrangements to build 1 850 megawatts of power-generation capacity in South Africa in terms of a government tender in 2021 may lose the right to connect to the national grid at the end of this month.

The access for projects by Karpowership, Acwa Power Co. and others relating to contracts for 2 000 megawatts awarded more than two years ago expires on 31 July.

The emergency-power programme has been beset by delays. Karpowership, the provider of gas-fired plants mounted on ships that won about 60% of the tender, has seen its plans thwarted by lawsuits and environmental challenges. A surge in construction costs globally has also complicated attempts by the bid winners to make financial arrangements.

Eskom is in talks with the Independent Power Producer Office, which ran the tender, to decide on whether to extend the access, the company said.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Botswana hosts 1,000 business and political leaders for US-Africa Business Summit - The Africa Report.comSix African heads of government – the presidents of Botswana, Mozambique, Namibia and Zambia and the PMs of Lesotho and eSwatini - are expected in Botswana for this week's CorpCnclAfrica US-Africa Business Summit. Report by JulianPecquet
La source: TheAfricaReport - 🏆 29. / 55 Lire la suite »

'Absolute nightmare': Business worried truck arson will dent confidence, push up costs | BusinessConcern is mounting that truck attacks on two of SA's key transport routes could deal a blow to confidence and harm the economy, as the country marks the two-year anniversary of the 2021 July riots. | News24_Business
La source: News24 - 🏆 4. / 80 Lire la suite »

Business Matters Ep 11 | Women In Business | 10 July 2023[SPONSORED] Women entrepreneurs play a significant role in stimulating innovation, creating jobs, and fostering economic progress in South Africa. Tune in to the next BusinessMatters episode eNCA
La source: eNCA - 🏆 49. / 51 Lire la suite »

‘Companies and employees will suffer’ — Truckers Association of South Africa on truck attacksThe Truckers Association of South Africa has weighed in on the recent truck attacks, saying the freight industry cannot afford the incidents.
La source: TimesLIVE - 🏆 28. / 59 Lire la suite »