Chinese giant takes over 300 MW project
source: Mmegi
MBONGENI MGUNI
Staff Writer
In response to delays in the Mmamabula Energy Project (MEP), Chinese energy and mining titan Golden Concord Holdings Limited has snapped up a 70-percent equity in the 300-megawatt power station being developed by CIC Energy.
With the 1 200 MW coal-fired Mmamabula Energy Project (MEP) hamstrung by South African bureaucracy, CIC Energy last week announced it would fast-track the development of a 300 MW power station for domestic consumption purposes.
The new station – which will also be coal-fired – will leverage on the technical groundwork done for MEP and seek a Power Purchase Agreement with [continue reading]
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