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Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
The Coega Development Corporation (CDC) has launched an
expression of interest for the development and operation of a
gas-fired power plant at the Coega Industrial Development Zone
(IDZ).
In a statement on Wednesday, the CDC said the combined cycle gas
turbine power plant project, which would provide up to 2400
megawatts, would complement other national power generation
programmes.
"It is intended that the project will provide an opportunity for
Independent Power Producers," the CDC said.
According to Khwezi Tiya, CDC executive manager of business
development, the project is one of the CDC's transformational
projects, "like the planned oil refinery and the Nelson Mandela Bay
Logistics Park, because of the manner in which it will transform
the landscape of the IDZ".
"This will be one of the most complex projects that the CDC has
worked on," Tiya said.
It would, after the refinery, be the largest project that the
CDC had enabled to date.
The project would involve receiving, storing and regasifying
Liquid Natural Gas and delivering natural gas to a modular power
plant.
"At the end of the day we must have the most competitive bid
that gets us the best price for power."
"The outcomes must take cognisance of price both for the
consumer and the operator and part of the work we have been doing
is to ensure this is possible," Tiya said.
The project was a culmination of almost a year of consultation
with various players to partner with the CDC and the Nelson Mandela
Bay Municipality, in bringing the project to finality.
The CDC has just completed the feasibility study for the
project.
The Coega IDZ, the Nelson Mandela Bay Municipality and some
parts of the Eastern Cape have been identified as high growth
areas, the CDC said.
"This is based on the number of applications for power which
Eskom has received and used to project future demand for the next
20 years."
According to the CDC, the expression of interest had been
advertised nationally and internationally and it was anticipated
that construction would start at the beginning of 2013.
- Sapa