Minister of minerals & energy Gwede Mantashe has given the remaining five (out of 11) preferred bidders under the risk mitigation independent power producer procurement round (RMIPPPP) until end-December 2023 to reach commercial close.

If the projects, including Karpowership SA’s three floating gas-to-power plants which won more than half the capacity up for grabs under the programme, fail to meet this deadline it should be the end of the road for them...

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