Karpowership, the world’s biggest supplier of floating gas-fired power plants, said some South African government agencies have stalled its projects and their conduct isn’t conducive to creating an attractive investment environment.
The Turkish company in March last year won the right to supply South Africa with 1,220 megawatts of electricity, or more than 60% of a so-called emergency tender designed to ease intermittent power outages. The 20-year deal was valued at R218 billion at the time.
There are “notable examples of authorities whose conduct isn’t aligned with the purpose” of the power program, Karpowership said, citing a lack of transparency and urgency. “We expect the government to work together cohesively to unblock the few remaining bottlenecks preventing the delivery of our projects,” it said in a statement sent to Bloomberg.
The departments of transport and public enterprises have yet to make a decision on whether the company’s ships will be allowed to moor at the nation’s ports. An application was made on May 12, 2021.
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