Company registered as sushi shop lands lucrative R15bn gas project in North West
Concerns raised over the Matlosana project's feasibility, regulatory compliance and the credibility of its developer
12 May 2025 - 06:09
A proposed R15bn gas-to-power plant in the financially strained Matlosana municipality (Klerksdorp) is under intense scrutiny, with energy analysts and local councillors raising concerns about the project’s feasibility and regulatory compliance, as well as the credibility of its developer, Urban Blue International.
Urban Blue plans to finance, build, operate and transfer the plant to the municipality over 20-25 years using a build-operate-transfer public-private partnership (PPP) model...
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