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
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
South Africa president calls for ports enhanced effectiveness in boosting economy
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.