Govt in talks over shorter contracts for Karpowership | Business

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Government is in discussions about reducing the term for Karpowership contracts, according to Rudi Dicks, who heads the project management office in the Presidency. | News24_Business

, and Electricity Minister Kgosientsho Ramokgopa have all, in recent weeks, endorsed power ships as a means to get power online as quickly as possible.

Karpowership was named a preferred bidder in government's Risk Mitigation Independent Power Producer Procurement Programme in 2021. It was to provide over 1 200MW of power from floating gas-power vessels located at three of South Africa's ports – Richards Bay, Saldanha and Coega. by renewable energy developer Scatec. The projects are due to come online by November, said Dicks. Five other projects in the risk mitigation programme are expected to reach financial close during this quarter, said Ntshavheni.

 

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