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.