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amaBhungane | Karpowership: failed interdict unearths 'State Capture on steroids' agreement news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
The confidential memorandum of understanding (MOU), drafted in November last year, detailed how Karadeniz would help BHI Energy to acquire the 49% stake of the Karpowership deal held, at the time, by the unsuspecting Powergroup. ....
Karpowership: 'State capture on steroids' deal unearthed mg.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mg.co.za Daily Mail and Mail on Sunday newspapers.
Is natural gas the key to unlocking SAâs move to renewable power? By Staff Reporter Themba Hlophe AS South Africa stands on the precipice of transitioning to a renewable future and a future without load shedding, the nationâs government has selected new projects to meet the countryâs urgent energy needs. The transition from coal and oil â which provides almost 90% of the countryâs power â to a cleaner energy source is necessary to reach South Africaâs environmental goals. In South Africaâs new energy roadmap submitted last year, the government has set an ambitious goal of reaching zero carbon emissions by 2050, aiming to cut their reliance on coal by half in the next 10 years. ....
Emergency power programme sees accusations of graft When the South African government announced the eight preferred bidders in the Risk Mitigation Independent Power Producer Procurement (RMIPPP) programme, local experts openly questioned the tender allocation. Eight bidders will provide an additional 1,845 megawatts, generated by various technologies. The project equates to R45bn of private-sector investment. The bidders are; ACWA Power Projects DAO, Oya Energy, Umoyilanga, and two projects for Mulilo Total and three for Karpowership SA. They use technologies including solar, photovoltaic, wind, liquefied natural gas and battery storage. Turkish firm, Karpowership has been allocated two-thirds of the programme’s capacity. The company plans to use liquified natural gas to produce power. Energy expert Chris Yelland questioned the Department of Mineral Resources and Energy and the IPP Office about tender requirement exemptions granted to Karpowership by the Department o ....