New consortium scores big in South Africa's floating power station deal

New consortium scores big in South Africa’s floating power station deal
7 May 2021
Powergroup SA — a consortium comprising four companies, which is in partnership with Turkish Karadeniz Energy Group — was registered with Companies and Intellectual Property Commission only on 15 May last year.
The South African consortium holding a 49% share of the controversial 20-year Karpowership SA floating power station deal announced in March by Minerals and Energy Minister Gwede Mantashe was formed less than a year ago.
Powergroup SA — a consortium comprising four companies, which is in partnership with Turkish Karadeniz Energy Group — was registered with Companies and Intellectual Property Commission (CIPC) only on 15 May last year.

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