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Interdict sought against powership deal
A losing bidder in a South African tender for the provision of 2,000 megawatts of power is seeking to interdict the winners from completing their agreements.
The application to South Africa’s High Court by DNG Energy Ltd. threatens to halt the provision of electricity needed to ease recurrent outages in Africa’s most industrialised economy and imperils investment estimated by the government at at least R45 billion ($3.3 billion).
The request for the interdict came in the form of an amendment to relief sought in an earlier application by DNG to have its losing bids substituted for those of Karpowership, a Turkish company that was awarded preferred bidder status for the provision of 1,220 megawatts of energy. DNG has also proposed that it could replace bidders other than Karpowership.
[Bloomberg]
A losing bidder in a South African tender for the provision of 2,000 megawatts of power is seeking to interdict the winners from completing their agreements.
The application to South Africa’s High Court by DNG Energy Ltd. threatens to halt the provision of electricity needed to ease recurrent outages in Africa’s most industrialised economy and imperils investment estimated by the government at at least R45 billion ($3.3 billion).
The request for the interdict came in the form of an amendment to relief sought in an earlier application by DNG to have its losing bids substituted for those of Karpowership, a Turkish company that was awarded preferred bidder status for the provision of 1,220 megawatts of energy. DNG has also proposed that it could replace bidders other than Karpowership.
[Bloomberg]
