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Government s powerships deal under fire in parliament

Officials from the department of mineral resources & energy (DMRE), without minister Gwede Mantashe, appeared before a parliamentary portfolio committee on Tuesday to brief it on the Karpowership contract to supply power from vessels to South Africa. The meeting followed calls by various civil society organisations and energy experts questioning the viability of the powerships in South Africa considering the massive cost to the environment and the operating costs associated with them. Ahead of Tuesday’s meeting, 15 civil society organisations including environmental group the Centre for Environmental Rights and shareholder activists JustShare wrote to committee chair Sahlulele Luzipo calling for public hearings to be held over the decision to award Karpowership three of the eight winning power bids.

MPs question powerships deal

MONEYWEB app instead? MPs question powerships deal Three of eight winning bids to supply power as part of SA’s emergency electricity procurement programme granted to Karpowership. 00:01  A powership under construction. Image: Moneyweb Officials from the Department of Mineral Resources and Energy (DMRE), without Minister Gwede Mantashe, appeared before parliament’s portfolio committee on mineral resources and energy on Tuesday to brief it on the Karpowership contract to supply power from vessels to South Africa.  The meeting followed calls by various civil society organisations and energy experts questioning the viability of the powerships in South Africa considering the massive cost to the environment and the operating costs associated with them. 

Energy Department says 20-year contracts for floating powerships will keep prices down

Picture: KARPOWERSHIP The Department of Mineral Resources and Energy has defended using 20-year power purchase agreements in a programme aimed at quickly easing the country s electricity supply constraints, saying they will keep costs down.  Energy analysts have questioned the length of the agreements, in particular with regards to Turkish company Karpowership, which has bid to moor five powerships and three gas ships at three SA harbours for two decades.  A top departmental official likened the 20-year agreements to paying off a bond, saying the projects would be unaffordable if the contact lengths were shorter.   Top officials from the Department of Mineral Resources and Energy have sought to defend the 20-year power purchase agreements SA is offering companies to quickly ease electricity supply constraints – including a group that supplies floating powerships.

Ramaphosa calls on private sector to invest in Port of Durban

Ramaphosa calls on private sector to invest in Port of Durban
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