Feedback on Dedisa power project in E Cape | Fin24
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Feedback on Dedisa power project in E Cape

Jun 26 2015 19:21

Port Elizabeth - Projects and construction within the Coega Development Corporation’s (CDC) Industrial Development Zone (IDZ) have received positive feedback after a visit from several local and regional government officials on Friday.

The purpose of the visit to the Coega IDZ in Nelson Mandela Bay was to show how Coega and investors in the IDZ have impacted positively on the social and economic landscape of the Eastern Cape.

Delegates visited various businesses within the energy, automotive and chemical sectors of the IDZ.

Sakhumzi Somyo, MEC for the Department of Economic Development, Environmental Affairs and Tourism (DEDEAT), and the Nelson Mandela Bay deputy mayor Bicks Ndoni were pleased with investor growth and infrastructure development in the IDZ.

CDC in the last financial year 2014/2015 signed 19 investors valued at R1.8bn, and presently has 29 operating investors. Around 14 623 direct jobs for the South African economy were created over the last year, and 96 776 direct jobs since the CDC’s inception.

“I am delighted to see how Coega is doing despite many great challenges,” said Somyo.

Somyo also added that construction of the Dedisa Peaking Power Plant is progressing well and on track.

“The Dedisa project is a huge investment and will improve South African energy security. The plant will bring security to current and future investors,” said Ndoni.

“We are all aware of the pressure cities are under. The power they will produce will go a long way, and will also assist Coega to approach investors.”

The estimated completed date of the Dedisa Peaking Power Plant is in the final quarter of this year.

The R3.5bn Dedisa Power Peaking Plant (PPP) Project, located in Zone 12 of the Coega IDZ will comprise of Open Cycle Gas Turbines (OCGT) fuelled by diesel. The project is undertaken by the National Department of Energy (DoE).

In 2008, the DoE entered into negotiations with GDF Suez Energy International regarding the procurement of an Independent Power Producer (IPP) for the development, design, engineering, construction, financing, ownership, operation and maintenance of the PPP.

The plant will operate at full capacity with 342MW. The OCGT power station will be the first of its kind to be operated by IPP consortium, comprising GDF Suez, Mitsui & Co, Legend Power Solutions, and a community trust known as “The Peaker Trust”.

Once operational, the plant will have capacity to generate 342MW of electricity through open-cycle gas turbines (OCGTs), which represents half of Nelson Mandela Bay’s current power requirement.  

eastern cape  |  sa economy


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