Mmamabula to cut power deficit – CIC boss

source: Mmegi

Even with Eskom’s additional 16, 000 MW planned, there was still a net expanding deficit in the Southern African region which needed more power projects, CIC Energy president and cofounder Greg Kinross told the Mining Indaba in Cape Town on Wednesday.

Kinross said that Canada- and Botswana-listed CIC’s Mmamabula project in Botswana went some way to filling that deficit but did not go all the way. “There is need or more projects in the region,” he said. He said that CIC had concluded its agreement with operator International Power and had attracted a 20 percent Sumitomo shareholding interest for what would be a $9,5-billion project.

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