Mmamabula hopes to complete BPC, Eskom deal by mid-year
source: Mmegi
BRIAN BENZA
Staff Writer
27 March 2009
CIC Energy Corporation has signed an Engineering, Procurement and Construction (EPC) contract with Shanghai Electric Group Co. Ltd.
(SEC) for the first power station to be built at the Mmamabula coalfields, the company announced on Monday.
CIC president, Greg Kinross, said in a statement after the signing of the EPC contract that they now expect to complete Power Purchase Agreements (PPA) with the Botswana Power Corporation and Eskom of South Africa, the two potential power off-takers for the project.
“With the EPC contract signed, we are on track to complete the Power Purchase Agreements and financing this year for the Mmamabula Energy Project,” Kinross said. “All (things) going well, we expect to begin supplying power to the grid in early 2013.”
“Shanghai Electric is pleased to have [continue reading]
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