Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

SA opens bids for power plants

Mar 06 2006 21:59

Related Articles

Power cuts pull PCs plugs

People without power 'rising'

SA powerless to stop big chill

Zim power firm owes WB $334m

'Ghost towns' in the Cape

Power outage hits fuel supplies

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Tupperware agents incensed by fakes

May 27 2012 11:49

The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.

SA housing market 'relatively healthy'

May 27 2012 11:05

As far as repayments on home loans are concerned, South Africans are in a much more favourable position than their foreign peers.

 
Share Share line Print
Johannesburg - South Africa has invited bids from local and international firms for the construction of two open cycle gas turbine plants with a combined generation capacity of 1 000 megawatts, the government said on Monday.

In a paper presented at a four-day hydropower and sustainable development conference, the department of minerals and energy (DME) said the plants would be built in the KwaZulu-Natal and Eastern Cape provinces.

An official with the department declined to give the cost of the project, expected to be completed by 2008, as these details were part of the bidding process.

The evaluation and negotiation of bids will start in March next year.

South Africa has been experiencing power outages, which have raised fears that the country may be running out of generation capacity earlier than anticipated.

Demand for electricity in Africa's largest economy is expected to outstrip supply in 2007.

The DME said it had opted for independent power producers to finance the project because of the government's strategy to attract foreign direct investment and raise the number of players in the electricity market.

This will be the first project of its kind in the country.

State-owned power utility Eskom will be the main customer.

"The DME will be responsible for managing the procurement of the generation capacity through a competitive tendering process. It will assist with the environmental impact assessment and the procurement of the land," it said.

Legislation for the project will be submitted to parliament in July this year, with the request for proposals expected in August.

South Africa is seeking new energy sources to meet rising demand and facilitate the government's plans to raise economic growth to 6% by 2010 from 4.9% currently.

Eskom, which has not built power plants in recent years, is refurbishing three mothballed thermal power stations and building two open-cycle gas turbine plants near Cape Town.

It takes about 18 years to build a thermal power station.

There are also plans to build a new technology pebble bed nuclear reactor at the Koeberg nuclear power station within the next 10 years. Eskom will spend R93bn over five years on new energy sources.

South Africa's demand for electricity is increasing at an average rate of 1 000 MW a year.

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Perfin

I arranged two workshops in Cape Town at the Cape Chamber of Commerce offices as well as two computer based workshops, one on Google Adwords and another on Joomla Administrator at the training centre in Somerset West. Emarketing Workshops - http://emarketingworkshops.co.za/next-workshops 1. Interne... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...