for subscribers

Richards Bay and Coega to be part of gas-to-power

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town - Coal-export terminal Richards Bay and industrial development zone Coega will be locations for a gas-to-power programme to ease the country’s dependence on coal for 70% of its electricity.

About 2000 megawatts (MW) will be allocated to Richards Bay and 1000 MW to Coega, the Department of Energy said in an information memorandum on Monday.

The government will now seek bidders to manage the project, which will be underpinned with a power-purchase agreement between the winning applicant and Eskom.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.92
(-0.02)
ZAR/GBP
21.72
(+0.24)
ZAR/EUR
19.81
(+0.34)
ZAR/AUD
12.05
(+0.34)
ZAR/JPY
0.16
(-0.02)
Gold
1884.18
(-0.65)
Silver
23.66
(-2.28)
Platinum
868.00
(-1.64)
Brent Crude
41.31
(-3.06)
Palladium
2294.00
(-0.04)
All Share
54206.05
(-0.55)
Top 40
50014.94
(-0.61)
Financial 15
9930.09
(-0.74)
Industrial 25
73052.58
(-0.42)
Resource 10
53708.23
(-0.64)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1393 votes
It depends on how the funds are used.
73% - 9015 votes
No. We should have gotten the loan elsewhere.
16% - 1990 votes
Vote