Dr Ayanda Vilakazi, the Coega Development Corporation’s (CDC’s) head of marketing and communications, says the CDC welcomes the minister of mineral resources and energy’s intention to explore more economical options to bring liquefied natural gas (LNG) onto the South African market.
In 2008, the Department of Energy identified the Coega Special Economic Zone (SEZ) as one of the preferred locations for the gas to power project, valued in excess of R25-billion. Now, in his budget speech, Gwede Mantashe, the minister of mineral resources and energy, has again acknowledged Coega as the ideal hub for the importation of LNG.
The CDC has worked for years, Vilakazi says, to prepare the region for gas readiness as part of the government’s objective to grow the South African energy sector. CDC’s efforts to create global appeal through investment promotion activities compliments the government’s attempt to implement sustainable economic measures to bring natural gas into the country, to meet the increased demand for access to affordable energy.
According to Vilakazi, the Coega SEZ is an ideal location to unlock the country’s natural gas economy and to advance this vision as it continues to work with the Eastern Cape province, other state organs and the private sector. The CDC, he says, is also home to other successful energy projects worth over R4-billion including the Dedisa power peaking plant, which has an investment value of R3,5-billion, DCD Wind Towers, with an investment value of R310-million and a R1-million 48 kW solar array powering the CDC’s business centre.
MEC Mlungisi Mvoko, in his 2019/20 Economic Development, Environmental Affairs and Tourism policy address, reiterated the value and outcome achieved through collaborating with the CDC in unlocking economic activities within the energy sector in the Eastern Cape region, saying that Coega has a proven track-record in megaprojects. Mvoko said that the province looks forward to the release of the Integrated Resource Plan (IRP), which will set out the roadmap for the energy generation new-build programme. In addition to gas, the province will continue to establish its potential in the fuel sector, by pursuing the development of an oil refinery at the SEZ, as well as biofuels production and processing across the province.
Source: EE plublishers