South Africa’s Emergency LNG-To-Power Deals Land In Hot Water

The plan of South Africa’s government to lease LNG-to-power ships to solve its electricity crisis has drawn a lot of criticism because of alleged irregularities in the bidding process and the multi-billion cost for emergency supply for 20 years. Earlier this year, Karpowership, a company from Turkey, was announced as the Preferred Bidder for projects for the so-called powerships to be docked at the ports of Coega, Saldanha, and Richards Bay that will provide power to South Africa’s electricity grid under the Risk Mitigation Independent…