The Coega Development Corporation (CDC) has been highlighted as one of two sites to benefit from South Africa's Gas to Power Programme.
In his recent budget speech, Energy Minister Jeff Radebe, highlighted the importance of the energy mix to enable economic growth.
“No industrial power can exist without developing its energy apparatus, in general, and expanding its electrification program, in particular,” he said.
The CDC, allocated a 1,000MW gas to power plant valued in excess of R25 billion has created a solid foundation for the Coega SEZ’s readiness for energy projects since the early 2000’s. Read more: Energy Minister highlights importance of natural gas
“Our location is the most ideal; this is at the backdrop of the extensive work put in by the CDC over the years as well as the Environmental Impact Assessment (EIA) that’s drawing towards finalization,” says Sandisiwe Ncemane, CDC’s Energy Sector Manager.
“The reflection by the Minister on the importance of gas, and the ‘prioritisation of natural gas whether imported via regional pipelines or liquefied natural gas (LNG) terminals’ which would integrate to indigenous natural forms the basis of our Gas approach,” highlights Ncemane.
In a statement, CDC noted that it continues to collaborate and cooperate with the Eastern Cape Province and various state organs as well as private sector to advance Coega readiness for a natural gas economy.
The CDC, recently welcomed the completion of the MM Engineering facility, R350 million investment located in Zone 3 of the Coega SEZ. The MM Engineering plant with a full production capacity of 3,200 metal gas cylinders a day will become an import substitute.