Coega natural gas hub plans welcomed
30 July 2019 | Web Article Number: ME201915531
THE Coega Development Corporation (CDC) has welcomed plans announced by Mineral Resources and Energy Minister Gwede Mantashe in his budget speech recently to explore “more economical options to bring natural gas into the South African market”.
Back in 2008, the Department of Energy identified the Coega Special Economic Zone (SEZ) as one of the preferred locations for the gas to power project - valued in excess of R25-billion.
In his Budget speech last month, Mantashe said Coega would be an ideal hub for the importation of Liquefied Natural Gas (LNG).
CDC Head of Marketing and Communications Ayanda Vilakazi, concurred, saying the corporation`s, “extensive work over the years to prepare the region for gas readiness is a step towards achieving the government`s objectives in growing the South African energy sector”.
He added that the CDC’s efforts to create global appeal through investment promotion activities is complimentary to the national government’s attempt to explore sustainable economic measures to bring natural gas into SA, in order to cater to the increased demand for access to affordable energy sources.
CDC Energy Sector Manager Sandisiwe Ncemane said the Coega SEZ was an ideal location to unlock South Africa’s natural gas economy. “To advance this vision, the CDC continues to work hand in hand with the Eastern Cape Province, other state organs and as well as the private sector,” she said.
The CDC is aready home to other energy projects worth over R4 billion. These include the Dedisa Power Peaking plant (investment value: R3.5 billion), DCD Wind Towers (investment value: R310 million) and a R1 million 48KW solar array powering the Coega Development Corporation’s business centre.