General Electric wins $64 million power plant deal
General Electric’s
(GE) South African unit said on Wednesday it was awarded a 500 million
rand contract to supply state power utility Eskom with equipment for
its new Medupi plant.
The World Bank
granted Eskom a $3.75 billion loan last month to help finance the
Medupi plant, which is just one of several new power stations planned
by the utility to ease South Africa’s chronic power shortages.
Eskom is in a race
to build new generating capacity to meet fast-rising demand for
electricity in Africa’s biggest economy, and the 4,800 megawatt Medupi
coal-fired power station — the first new station built by Eskom in two
about decades — is expected to help ease the country’s power crunch.
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