The Minister of Energy of South Africa has selected two successful bidders in the first Coal-based Independent Power Producer Programme, that was launched in December 2014 to allow private companies to develop coal-fired power plants in the country.
The preferred bidders of the first bid window coal base-load programme are the Thabametsi and Khanyisa consortia, which will develop more than 863 MW of new coal-fired capacity. The Khanyisa consortium (ACWA Power, General Electric and Thebe Investment) is expected to commission the first plant, rated 600 MW, in December 2020, while the Thabametsi consortium (Marubeni and KEPCO with 24.5% each) will commission the second plant in March 2021. Total investment is estimated at nearly R40.2bn (US$2.9bn) and is backed by foreign developers from Korea, Japan and Saudi Arabia, the SA banking sector, including the Development Bank of South Africa (DBSA), the PIC and IDC.
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