The company also claims its power will cost South Africa less than half of what Eskom currently pays for diesel to run its open-cycle gas turbines during peak electricity demand periods.
Turkish power ship company Karpowership is willing to reduce the period on a contract for providing emergency power to South Africa with its floating gas-powered plants from 20 to five years.
Powerships are typically used as an emergency short-term mechanism in times of crisis, including war, in countries with few other options. “Whatever is the best proposal we can put forward for five years, we will. And if that is saving South Africa billions of rand [in diesel] costs, I think it is an offer to be considered,” she said.
Although the Council for Scientific and Industrial Research previously estimated the cost of the 20-year contract could be roughly R228 billion, the exact price tag is difficult to determine for several reasons. The price peaked at about $9.70 per 1 Million British Thermal Units , but has since dropped to roughly $3 per MMBtu.In addition to the volatile LNG price, neither the South African government nor Karpowership have been forthcoming about the exact cost of the contract.
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