South Africa\u2019s electricity ministry selected seven groups of companies as pre-qualified bidders for the country\u2019s R440 billion transmission-grid expansion program.<\/p>\n\n\n\n
Companies among the consortia include: Adani Power Ltd.\u2019s Middle East unit, Chinese firms State Grid International Development Ltd. and China Southern Power Grid International Co., and Electricite de France SA, the ministry said in a statement Monday in the capital, Pretoria.<\/p>\n\n\n\n
Adani Power is a company owned by Indian billionaire Gautam Adani.<\/p>\n\n\n\n
Adani is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India.<\/p>\n\n\n\n
He is ranked by Forbes as the 27th richest man in the world with a net worth of $71 billion, and the second richest man in India, after Mukesh Ambani ($108 billion).<\/p>\n\n\n\n
The Adani Group has several subsidiaries in the power and energy sector, including Adani Green Energy, Adani Power and Adani Energy Solutions.<\/p>\n\n\n\n
This stage of the program \u201cmarks a defining milestone in government\u2019s strategic drive to expand, modernise and strengthen South Africa\u2019s transmission network through diversified delivery mechanisms and sustained private sector participation, in support of long-term economic growth, industrial development and national energy security,\u201d Electricity Minister Kgosientsho Ramokgopa told reporters on Monday in the capital, Pretoria.<\/p>\n\n\n\n
Ramokgopa also announced that four groups of companies had been selected as preferred bidders under Bid Window 7 of the Renewable Energy Independent Power Producer Procurement Programme.<\/p>\n\n\n\n
Upgrading South Africa\u2019s transmission grid will underpin the government\u2019s energy strategy. South Africa is gradually retiring coal-fired plants, which it currently depends on to generate the bulk of its power, and intends to utilise a range of technologies from gas to renewables to meet future demand, the government\u2019s latest blueprint shows.<\/p>\n\n\n\n
The first phase of the grid expansion will entail a request for proposals to build 1,164 kilometres of transmission lines designed to bring more than 3,000 megawatts of generation capacity online, Ramokgopa said in April.<\/p>\n\n\n\n
A subsequent build of more than ten times the size of the pilot will also require the procurement and installation of transformers and other equipment.<\/p>\n","protected":false},"excerpt":{"rendered":"
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