Mmamabula under threat of input costs

source: Mmegi
Staff Writer

The failure of the promoters of MmamabulA Export Power Project to seal deals with Engineering Procurement and Construction (EPC) contractors may force them to go the route of what observers have been calling for – the downsizing of the project to make it more affordable.

Infact, the situation is so serious that a reservation deadline has twice been postponed by ministerial intervention and twice been missed.

Addressing a media briefing yesterday, the Minister of Minerals, Energy and Water Resources Ponatshego Kedikilwe said the import of the precarious circumstances presently bedevilling the project was that Mmamabule could not go ahead as initially conceived.

Rising EPC and input commodity costs internationally that recently led to the suspension of [continue reading]

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