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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.
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 a...
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, photovoltai...
The South African government recently announced the eight preferred bidders in the Risk Mitigation Independent Power Producer Procurement (RMIPPP) programme. The bidders will provide an additional 1,845 megawatts which will be generated by various technologies and connected to the grid by August 2022. 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. Ene...