CAPE TOWN: South Africa will invest $3.7 billion at the ports of Richards Bay and Coega to build infrastructure for a gas-to-power program aimed at easing the country’s dependence on coal.
A plant at Richards Bay will generate 2,000 megawatts of electricity from liquefied natural gas imports, with another 1,000 megawatts at the Coega industrial development zone, the Department of Energy said in a memorandum on Monday. The government will seek bidders to manage the project, underpinned by a power-purchase agreement between the winning applicant and state electricity utility Eskom Holdings SOC Ltd.
