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Karpowership deal could cost South Africa R200 billion and do little to solve load shedding - Kevin Milehame

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The National Transport Department’s decision to grant Karpowership, a Turkish power ship operator, 20-year access to three South African ports has been met with criticism from environmental groups and opposition parties. Kevin Milehame, the DA’s shadow minister of Energy, has warned that the deal could cost South African taxpayers a staggering R200 billion, while only generating 1200 MW of power, equivalent to a single stage of load shedding. Milehame told BizNews that he was concerned about what appearedto be the bending of rules to favour Karpowership and that it presented another opportunity for corruption. Learn more about your ad choices. Visit megaphone.fm/adchoices
23 May 2023 10AM English South Africa Investing · Business News

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