The deal with Karpowership to supply electricity to the country is “dead in the water”, the electricity minister said.
Browsing: Karpowership
Eskom’s decision no longer to reserve grid capacity for Karpowership means this capacity can now be awarded to other projects.
Eskom has asked national treasury for permission to sign an electricity purchase agreement with Karpowership.
South Africa’s hopes for a raft of new power projects to help it out of a crippling energy crisis are fading.
Karpowership has won environmental authorisation to moor a ship-mounted power plant in Richards Bay.
Karpowership has donated a game farm in a bid to ease environmental approval for one of three gas-fired power plants.
Eskom has imposed conditions to access the national grid on 1.85GW worth of new projects to prevent “grid hogging”.
Companies yet to complete financing arrangements to build 1.85GW of generation capacity may soon lose the right to connect to the national grid.
Ending power cuts completely will probably take another five years if the infusion of more solar and wind capacity proceeds as currently planned.
Government is prepared for legal fights with environmental groups over its plans to use ship-mounted power plants.