- Karpowership SA (KPSA), a South African company that is 49% Black owned is one of the preferred bidders in South Africa’s Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP). Read more
- They have been awarded preferred bidders status for three projects located at the ports of Coega (450MW), Saldanha (320MW) and Richards Bay (450MW). Read more
- The deal, if successful, is said to be worth R220 billion over its PPA lifecycle.
Karpowership South Africa and the Karpowership Group owns and operates the world’s largest floating power plant fleet of 25 Powerships located across 15 locations throughout Africa and in Asia. Each Powership solution contains its own generation facilities, fuel storage, LNG regassification plant, electrical control systems, along with a grid substation as the interconnection point to the national grid.
The three ships destined for South Africa will be equipped with modular reciprocating gas engines producing a total of 1220MW of baseload power. It is not clear if the ships are ready to be dispatched or still have to be custom built for commissioning.
Karpowership SA will benefit from the global alliance of its parents with well-established and reputable brands such as Shell as our exclusive LNG supplier, and Mitsui O.S.K. Lines, Ltd. (MOL) from Japan, a world leader in LNG shipping industry, KPSA can assure a smooth transition to efficient and reliable electricity in South Africa at the most competitive cost.
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Karpowership SA has already been extensively working with local and international lenders as a part of its bid submission and will continue these efforts.
As part of our commitment to the South African government’s just energy transition, KPSA has committed to ensure that at least 65% of our workforce will be South African, employed from local communities. “Our comprehensive Economic Development Plan is weighted towards long-term jobs, skills development, and economic upliftment in local communities at each of the three ports where Powerships will be stationed,” the company said.
Author: Bryan Groenendaal