Revealed: Why Morupule B deal failed

Friday, August 24, 2018

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”.

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Revealed: Why Morupule B deal failed

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.