The Turkish company seeking to supply 1.2GW of power to South Africa will get a decision on its application to proceed with the projects by 7 March.
Browsing: Karpowership
Eskom has promised some relief from the extreme load shedding it’s been imposing on South Africans over the past two weeks.
Karpowership will re-file an application to the environment department in a bid to move its project forward at a time when South Africa is suffering its worst-ever power cuts.
Karpowership said its appeal to overturn an environmental ruling has failed in another blow to South Africa’s attempts to resolve its power crisis.
President Cyril Ramaphosa is racing to make an announcement as soon as Sunday that could include a plan to ramp up investment by the private sector.
Karpowership said some government agencies have stalled its projects and their conduct isn’t conducive to creating an attractive investment environment.
Karpowership said it’s committed to delivering what would be its biggest-ever project as activists mounted a fresh legal challenge against the company’s plans.
Outa is challenging the energy regulator’s decision to approve the construction of floating gas power stations in three South African ports.
Eskom has asked Karpowership to indemnify it against any adverse outcomes from corruption allegations in return for securing a supply contract.
Karpowership is expanding its generation capacity by 50% to tap global demand even as it struggles to get projects going in potentially its biggest market.