Aviva to freeze Mmamantswe project

Wednesday, November 04, 2009

Botswana Stock Exchange-listed Aviva Corporation plans to place its Mmamantswe Integrated Coal and Power Project on care and maintenance pending the outcome of Independent Power Producers' (IPPs) decision from Eskom of South Africa.

The future of the Mmamantswe project, along with many other IPPs such as CIC's Mmamabula Energy Project (MEP), hangs in the balance because Eskom, which is supposed to be the projects' off taker, is yet to commit to any agreements to purchase power from them.

Eskom has highlighted the need to finalise its internal funding mechanism before dealing with IPPs. Avivaplans to develop an initial 1 000-MW power station using four-and-a-half million tonnes of coal per annum.

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