Share

Cabinet nod for huge hydro power treaty

Cape Town - Cabinet has approved the ratification of the Grand Inga Treaty with the Democratic Republic of Congo, Minister in the Presidency Jeff Radebe said on Thursday.

The treaty would see South Africa buy over half of the power generated by the first phase of the world's biggest hydroelectric project, aimed at generating 40 000 megawatt of power on the Congo River.

"The project has the potential to supply clean and affordable, imported hydroelectric power to meet the needs of the DRC, South Africa, and surrounding countries," Radebe told journalists following cabinet's regular fortnightly meeting.

South Africa had agreed to buy 2 500 MW of electricity, in the first phase, under the treaty which was signed in October 2013 and would now be tabled in parliament.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.92
-0.1%
Rand - Pound
23.91
-0.0%
Rand - Euro
20.45
+0.1%
Rand - Aus dollar
12.35
-0.0%
Rand - Yen
0.13
-0.1%
Platinum
911.00
+1.6%
Palladium
1,008.15
+0.6%
Gold
2,222.89
+1.3%
Silver
24.90
+1.0%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.9%
Resource 10
57,251
+2.9%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders