Eskom makes CIC sweat over Mmamabula power agreement

source: Mmegi

CIC Energy, the promoters of the proposed Mmamabula Energy Complex says it is still waiting for a response from South Africa power utility Eskom for power purchase agreement offer.

In a statement yesterday, CIC says the offer was taken through Eskom’s formal governance process, culminating in consideration of the offer at an Eskom board meeting held on June 18.

The company said it had expected that a response to the offer would be received from Eskom soon after the board meeting. However, a response to the offer has not yet been received.

“Eskom has informed us that the delay in receiving a response is the result of ongoing discussions between Eskom and the government of [continue reading]

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