Tina Joemat-Pettersson announces first coal independent power firms
Both companies together will add 863.3MW to SA's grid in the next five years, from December 2020 and March 2021
THE preferred bidders of the first bid window for the coal baseload programme are Thabemetsi and Khanyisa, Energy Minister Tina Joemat-Pettersson announced on Monday. She said at a media briefing that both bidders were selected on the basis of stringent requirements, with all bids reviewed and evaluated by the independent power producers office. Both projects will require R40bn of debt and equity funding, and will create thousands of jobs in Limpopo, where Thabametsi’s project will be based, and in Mpumalanga, where Khanyisa will operate. The two companies collectively will add 863.3MW to the country’s grid in the next five years, with Khanyisa set to begin commercial operation in December 2020, followed by Thabametsi in March 2021. Participants in the first bid window were required to have a minimum South African entity participation of 51%, black ownership of 30%, and a weighted broad-based black economic empowerment status of level five under the codes of good practice for their ...
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