A new 1 040 megawatt power station built by the private sector could be up and running at the Coega industrial development zone by 2010, alleviating the power crunch.
Ipsa, an independent power plant developer that is listed on AIM in London and on the JSE's Altx, will build the Coega power plant, which can ultimately have a capacity of 1 600MW.
The fast-tracking of the project follows the signing yesterday of a memorandum of co-operation between Ipsa and the Central Energy Fund (CEF).
Peter Earl, Ipsa's chief executive, said yesterday: "This is enough to give Alcan the minimum they need in 2010."
This comes after Eskom warned last week that it might not be able supply the Rio Tinto Alcan aluminium smelter with power in 2010, as agreed.
full story from Business Report here
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