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Showing posts from July, 2019

TNPA allocates R98m for floating caisson at Sturrock Dry Dock

Following discussions among the Department of Economic Development and Tourism (DEDAT), Wesgro, industry and strategic partners with Transnet National Port Authority (TNPA), a R98m floating caisson will be constructed for the Sturrock Dry Dock in the Port of Cape Town. The new caisson forms part of a multi-million-rand overhaul of the port’s ship repair facilities over a three-year period (2019-2022) under South Africa’s Operation Phakisa Programme, which has identified ship building and repairs as a strategic industry for the port. A caisson - which is a large steel gate structure that acts as a secondary seal and subdivides the dock and allows for simultaneous docking of multiple commercial vessels within the facility - is expected to double the productivity of Sturrock. South Africa ranks among the world’s top 15 shipping nations, based on the tonnage transported to and from its ports, with three of the eight major commercial ports based in the Western Cape. Further to this, t…

ENEL STARTS CONSTRUCTION OF 140 MW WIND FARM IN SOUTH AFRICA

The Nxuba project, which is slated to enter into operation by September 2020, is expected to generate over 460 GWh annually and will be the Group’s third wind farm in the Eastern Cape province. • The company will invest a total of over 200 million euros in the construction of the project, which is part of the 700 MW of wind capacity awarded to the company in April 2015 following the South African government’s renewable tender Rome and Johannesburg, February 12th, 2019 - Enel, through its renewable subsidiary Enel Green Power RSA (EGP RSA), has begun construction of its 140 MW Nxuba wind farm in the Amatole District, making it the Group’s third wind project in South Africa’s Eastern Cape province. The construction of Nxuba, which is expected to be completed by September 2020, will involve an overall investment of more than 200 million euros. “Through the start of construction of the Nxuba wind farm, which is the first out of the five projects awarded to the company in South A…

Decade infrastructure funding for South Africa

National Treasury will be reprioritising resources towards President Cyril Ramaphosa’s infrastructure fund and away from the wage bill, Finance Minister Tito Mboweni said on Wednesday, with government committing R100-billion over the next decade towards the building and operation of key infrastructure assets. In several instances, the private sector will be responsible for the design, build and operation. Dubbing the infrastructure fund as “a central pillar of the Budget and of reprioritisation”, Mboweni stated that it would accelerate R526-billion worth of on-Budget projects by bringing in the private sector and the development finance institutions. During 2019/20, R625-million is allocated to the Development Bank of Southern Africa, the Government Technical Advisory Centre and the Presidential Infrastructure Coordinating Commission to strengthen project preparation in this context and on a sped-up basis. Projects based on rural roads and water would be prioritised, the Minister …