BUSINESS MAVERICK: Preferred bidders unveiled for 2,000MW of emergency power — with the first flow in August 2022

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And the preferred are...! Energy Minister Gwede Mantashe has unveiled the winning operators for projects that will plug an additional 2,000MW of sorely needed power into South Africa’s crumbling electricity grid. The first connections to the grid are set for August 2022.

Power, or lack of it, is probably the biggest threat to South Africa’s economy. The Covid-19 pandemic will eventually recede, but load shedding preceded it and will almost certainly outlast it. At last, there is movement on getting additional power plugged into the grid, with Mineral Resources and Energy Minister Gwede Manatshe announcing the preferred bidders for the emergency power procurement programme that was launched in August of 2020.

The preferred bidders are: Acwa Power Project DA, Karpowership SA Coega, Karpowership SA Richards Bay, Karpowership SA Saldanha, Mulilo Total Coega, Mulilo Total, Hydra Storage, Oya Energy Hybrid Facility and Umoyilanga Energy. About 3,800 job opportunities are expected to be created during the 18-month construction period and a further 13,500 during the 20-year Purchase Power Agreement Term.

 

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