Powership contract will cost South Africa R218 billion - CSIR

[Hanno Labuschagne]

Powership contract will cost South Africa R218 billion - CSIR

Karpowership, a unit of the Turkish Karadeniz Energy Group, is on track for its longest contract to date to supply power from vessels to South Africa in a deal worth as much as R218 billion ($15 billion).

The company that advertises a “fast, flexible, reliable” solution of floating electricity generation was named last week as a preferred bidder for three projects fueled by liquefied natural gas to provide 1,220 megawatts of electricity.

The program is aimed at closing a supply gap in South Africa that’s resulting in periodic blackouts.

[Bloomberg]

 

[randomcat]

Dat tenda maanie

 

[BBSA]

Including kickbacks?

 

[blah99]

*Cadres rubbing hands*

 

[rustypup]

Can't build the power capacity but *can* magically afford to rent it.

VIVA!

 

[Greglsh]

Also why do 20 years, surly technology will just get better and better with regards to solar and wind. So a contract for max 5 years and then in that time build build build (haha, just read that sentence out loud, never going to happen).

 

[Gordon_R]

I mentioned this last week, but good to see official numbers. It's not just peaking capacity, but a permanent ball and chain.

I wonder if Parliament has any oversight into these kind of decisions? Silly question...

 

[system32]

It's obviously expensive and stupid.
Why are voters/taxpayers/consumers allowing this?
What can be done?

 

[Lupus]

For that price we could get half a 4GW coal power station, in the rest of the world that's a nuclear plant.

 

[Lupus]

It's obviously expensive and stupid.
Why are voters/taxpayers/consumers allowing this?
What can be done?

It's a democracy, the stupid shall lead as the stupid have majority. That's the joys of democracy

 

[BBSA]

It's obviously expensive and stupid.
Why are voters/taxpayers/consumers allowing this?
What can be done?

Boycott Eskom

 

[ConfusedR]

If the ANC stops looting and stealing Eskom's money then this will be do-able.
But, obviously, for that kind of money, they can build more power stations or invest much more in renewable energy themselves without striking corrupt deals with other companies.

There will be ANOTHER commission of enquiry for this.

 

[Lupus]

Boycott Eskom

Unlike the other SOEs, this one I do kinda need

 

[Gordon_R]

It's obviously expensive and stupid.
Why are voters/taxpayers/consumers allowing this?
What can be done?

This is the end 'result' of years of mismanagement and state capture. There are no easy answers...

 

[ConfusedR]

Boycott Eskom

We cannot boycott Eskom.
Many people cannot go to solar or whatever else.
The ANC knows this and this is why they will ALWAYS keep using Eskom as their personal piggy bank.

They only way will be, is to vote the ANC out.

 

[BBSA]

We cannot boycott Eskom.
Many people cannot go to solar or whatever else.
The ANC knows this and this is why they will ALWAYS keep using Eskom as their personal piggy bank.

They only way will be, is to vote the ANC out.

Soweto boycott Eskom...

and they will never never vote the ANC out.

 

[ArmatageShanks]

The 20-year deal

20 Years?

So they have decided to do absolutely fsckall going forward, no new plants, nothing, what a surprise.

 

[Lupus]

20 Years?

So they have decided to do absolutely fsckall going forward, no new plants, nothing, what a surprise.

Yeah pretty much from 1994, I mean the 2 jokes they did decide have taken as long as a nuclear power station.

 

[ArmatageShanks]

Yeah pretty much from 1994, I mean the 2 jokes they did decide have taken as long as a nuclear power station.

It's good that they are ships though, they'll leave within the first few months of non payment.

 

[elf_lord_ZC5]

Well, they are going to have to pay for it, or it ups anchor and F's off.