Minergy upbeat as 300MW coal tender nears award
Friday, March 18, 2022 | 770 Views |
Grinding on: Minergy expects to have sold one million tonnes by May this year PIC: MINERGYCOAL.COM
The 300MW tender is the last coal-fired electricity government will procure, according to the Integrated Resource Plan, which maps out all power sources the public purse will pursue until 2040.
Of the four coal developers shortlisted for the tender, Minergy with its Masama Coal Mine, is the only active coal producer in the group, a fact which CEO Morne du Plessis expects to be a critical factor.
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...