ANC front bids for power station

[bekdik]

Chancellor House, the ANC investment company, is poised for another bite of the Eskom cherry – at a time when corruption investigations into its previous energy play, a stake in contracts for the Medupi and Kusile power stations, are coming to a head.

AmaBhungane has confirmed that Chancellor House is a shareholder in a proposed R18-billion power project – a 1 050 megawatt (MW) coal-fired power-station project slated to be built at Colenso in the economically depressed KwaZulu-Natal Midlands.

Planning is at an advanced stage and the project is due to be submitted to the department of energy as one of the bids for a total of 2 500MW of new coal generation capacity mandated by Energy Minister Tina Joemat-Pettersson.

The first bid window closes on November 2 and the second on March 8 next year. Successful bidders will obtain a long-term power purchase agreement with Eskom, similar to the way in which the renewable independent power producer programme works.

The proposed power station, fuelled by a nearby anthracite mine, which is part of the project, would eventually consist of three 350MW units, together delivering an output of just under a quarter of Eskom’s giant but long-delayed Medupi power station.

And, of course, the denials / justifications will follow ...

 

[ponder]

There's no conflict of interest here...

 

[nightjar]

The corruption under Zuma is so crude and blatant that nobody in his right mind can possibly think that Zuma has any intention of stepping down at the end of his term.

 

[reactor_sa]

Fkrs, I thought they wanted R500billion for nuclear, why another smoke factory? Another place to dump low quality Gupta coal??

 

[Peon]

The corruption under Zuma is so crude and blatant that nobody in his right mind can possibly think that Zuma has any intention of stepping down at the end of his term.

This concerns me as well.

 

[HavocXphere]

So thats how the ANC wants to fix their cashflow problems...by helping themselves to taxpayer money.

 

[nightjar]

So thats how the ANC wants to fix their cashflow problems...by helping themselves to taxpayer money.

It's not new.
In the days (before internet) soon after being unbanned, money was a bit tight so they started off small with cash van heists and were so blatant about it that they used weapons registered to the ANC
Their tastes have just got a lot more extravagant since then, hence the move to more profitable dishonesty.

 

[FoXtroT]

Stuff the worrys about corruption, they want to put a massive coal fired plant in the middle of the midlands?! Way to destroy a beautiful part of the country.