Revealed: Why Morupule B deal failed

Focus at Morupule B now shifts to full remediation, starting January 2019 PIC: KEOAGILE BONANG
Focus at Morupule B now shifts to full remediation, starting January 2019 PIC: KEOAGILE BONANG

A three-year process to sell Morupule B to a Chinese state-owned firm failed due to disagreements over the price offered to government, and the conditions set on how to overhaul the troubled power station, BusinessWeek can reveal.

In June, the Public Procurement and Asset Disposal Board (PPADB) announced that the deal had been scrapped at the request of the procuring entity, the Ministry of Mineral Resources, Green Technology and Energy Security.

At the time, Ministry officials were tight-lipped on the reasons, with an official response to enquiries reading: “Government’s options remain open”.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up