Karpowership said its appeal to overturn an environmental ruling has failed in another blow to South Africa’s attempts to resolve its power crisis.
Browsing: Karpowership
President Cyril Ramaphosa is racing to make an announcement as soon as Sunday that could include a plan to ramp up investment by the private sector.
Karpowership said some government agencies have stalled its projects and their conduct isn’t conducive to creating an attractive investment environment.
Karpowership said it’s committed to delivering what would be its biggest-ever project as activists mounted a fresh legal challenge against the company’s plans.
Outa is challenging the energy regulator’s decision to approve the construction of floating gas power stations in three South African ports.
Eskom has asked Karpowership to indemnify it against any adverse outcomes from corruption allegations in return for securing a supply contract.
Karpowership is expanding its generation capacity by 50% to tap global demand even as it struggles to get projects going in potentially its biggest market.
South Africa’s plan to add an estimated R95-billion worth of private emergency power generation has been further delayed.
A court hearing on Tuesday will determine whether South Africa can move forward with a project to top up its energy capacity after a year of record power blackouts.
South Africa has extended a deadline for companies to reach financial close for projects aimed at ending load shedding.