Eskom denies delaying Mmamabula project
Friday, February 01, 2008
The project, which could involve a 7.5-million-ton-a-year to 9-million-ton-a-year coal mine, as well as the 2 100-MW to 2 460-MW power plant, was being pursued by CIC Energy, which is listed on the Toronto Stock Exchange.
Eskom Enterprises MD Brian Dames said he had been given a board mandate to support the IPP project, as well as conclude a mutually beneficial power purchase agreement (PPA) with CIC.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...