You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

NEW SENS search and JSE share prices

More about the app

SA’s emergency power tender appeal postponed

The case is set to proceed on November 30 and December 1 and 2.
Image: Supplied

A South African court agreed on Thursday to postpone an appeal against a state emergency power tender, the company which brought the case said, further delaying a plan aimed at ending years of serious electricity shortages.

The dispute, at a time when government is also looking to add new wind and solar projects, threatens the credibility of South Africa’s renewable energy programme and will prolong an energy crisis that regularly plunges the country into darkness.

Moneyweb Insider INSIDERGOLD

Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

Choose an option:

R63 per month
R630 per year SAVE R126

You will be redirected to a checkout page.
To view all features and options, click here.

A monthly subscription is charged pro rata, based on the day of purchase. This is non-refundable and includes a R5 once-off sign-up fee.
A yearly subscription is refundable within 14 days of purchase and includes a 365-day membership.

Click here for more information.

The country’s parliament and police have been investigating allegations of wrongdoing in the 2 000 megawatt tender that were made by DNG Energy, which lost out in the tender and brought the appeal. The energy ministry has denied wrongdoing.

The company had requested the High Court in Pretoria to postpone its appeal so it could include the official findings in its case.

“This is positive news for DNG and it will ensure that the court is provided with a full and accurate record of evidence,” Aldworth Mbalati, group chief executive for DNG Energy said in a statement.

South Africa’s energy ministry chose eight preferred bidders in March, including Turkey’s Karpowership, to provide emergency electricity and help prop up the country’s ailing power supply. Another three preffered bidders were added later.

Launched two years ago when South Africa was suffering some of its worst power cuts in a decade, the tender aimed to find the cheapest and quickest ways to ease a shortage that has cost the continent’s most industrialised economy billions of dollars.

The department of energy did not immediately respond to a request for comment. The case is set to proceed on November 30 and December 1 and 2.

COMMENTS   1

You must be signed in to comment.

SIGN IN SIGN UP

Dinosaur Gwede Mantashe… Not surprised at all!

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Podcasts

INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles:
Click a Company: