https://newsletter.en.creamermedia.com
Africa|Eskom|Financial|Gas|generation|Power|Projects|Solar|Power Generation|Power-generation
Africa|Eskom|Financial|Gas|generation|Power|Projects|Solar|Power Generation|Power-generation
africa|eskom|financial|gas|generation|power|projects|solar|power-generation|power-generation-industry-term

Eskom ends grid access for Karpowership

5th January 2024

By: Bloomberg

  

Font size: - +

Eskom Holdings said it will no longer reserve the transmission capacity it had agreed to set aside for winners of a South African tender for emergency power provision that didn’t meet a Dec. 31 deadline to complete their financial arrangements.

The decision is a blow for Karpowership, the Turkish provider of ship-mounted power plants, and further reduces the likely impact the 2021 program will have in making a dent in the almost daily power outages that are crippling South Africa’s economy.

Only a fraction of the 2 000 MW of power generation capacity awarded is being built after a number of the 11 successful projects failed to reach so-called financial close. Karpowership’s three gas-fired projects, which have been beset by lawsuits and challenges from environmentalists, account for 1 220 MW of the total.

Eskom’s decision means that the transmission capacity, which is in short supply in South Africa, can now be awarded to other projects, and those of Karpowership and the other bidders are no longer guaranteed access if they proceed.

ACWA Power Co. is one of the successful bidders that’s yet to announce whether it’s achieved financial close. Scatec ASA is proceeding with three solar power projects to supply 150 megawatts.

Karpowership didn’t immediately respond to a request for comment.

Edited by Bloomberg

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.11 0.206s - 211pq - 2rq
Subscribe Now