- South Africa’s Energy Regulator, NERSA, has approved the second amendment of the conditions of the combined licence (Licence Number PPL.sf.lf.F3/323/2017) issued to Island View Storage (Pty) Ltd, trading as Bidvest Tank Terminals (BTT), for the operation of a storage facility and loading facilities in Richards Bay.
- The amendment seeks to add two diesel storage tanks, with a design capacity of 15 000m3 each (combined design capacity = 30 000m3), into the licence conditions.
The abovementioned two diesel tanks are currently under construction, with construction anticipated to be completed in June 2025. The amendment will also include the new site layout showing the updated details of the storage facility.
The construction of the tanks was licensed by the Energy Regulator on 10 April 2024, and with the construction phase nearing completion, the next step is to include these tanks and auxiliaries in the regulatory asset base of the licensed operation activity.
The additional storage tanks are necessary from a customer demand perspective as they are being constructed following a request from a customer for additional capacity.
Author: Bryan Groenendaal
