The Coega Development Corporation – the operator of the Coega Special Economic Zone in Port Elizabeth – estimates to contribute 1 000 megawatts to the national grid by 2024 with its conversion of liquid gas into power
Announcing his department’s energy budget vote for this year, Mineral Resources and Energy Minister Gwede Mantashe said the Coega SEZ had been chosen to be South Africa’s first liquefied natural gas hub.
“The Coega Development Corporation, together with the Eastern Cape provincial government, has put in place extensive gas market analysis and preparations to enhance Coega’s readiness for the implementation of high-impact energy programmes towards an integrated gas economy,” said Ncamane. Potential investors are being lured for the construction of the physical infrastructure which will convert the liquid-form gas into power.
“As early as 2006, the Coega Development Corporation undertook five environmental impact assessment studies supporting the gas-to-power solution. “The SEZ boasts world-class infrastructure coupled with prime and serviced land available to host any gas-to-power projects, with possible spin-offs for other sectors of the economy.
“It has the potential to unlock a value chain of marine/maritime services located at the Coega SEZ, which could in turn trigger opportunities eastwards as well as in small harbours along the Wild Coast,” Ncamane said.
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