SHOCKING REVEAL: South Africa’s Karpowership Deal CRUSHED, Electricity Minister Spills the Tea!
The once-lauded deal between South Africa and Karpowership, a Turkey-based energy giant, has been left dead in the water, with electricity minister Kgosientsho Ramokgopa confirming the devastating news.
In a stunning turn of events, Karpowership, which was on the hook for a massive R218 billion deal to provide 1.2GW of power over 20 years, has lost the right to transmission capacity set aside by Eskom, the country’s power utility.
“It’s behind us,” Ramokgopa bluntly stated in a recent online briefing. And to make matters worse, the company’s failure to complete financial arrangements sealed its fate.
But don’t just take our word for it! Check out our explosive report on the massive blow Karpowership suffered in South Africa: Massive Blow for Karpowership in South Africa
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