SA investors bag another local power project

In yet another deal involving international investors buying junior coal explorers out of prospective local power projects, African Energy has announced plans to sell its Mmamantswe project to South African buyers.

The deal for the Mmamantswe coal and power project was worth an initial A$10 million (P77 million).

The project, which is estimated to host 1.25 billion tonnes of coal, has an approved Environmental Impact Assessment (EIA) for a coal mining operation of up to 10 million tonnes a year and a 2,000MW power station.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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