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#StopKarpowershipSA

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#StopKarpowershipSA

We are calling on the Development Bank of Southern Africa (DBSA), the Industrial Development Corporation (IDC) and private finance institutions to publicly commit to not fund the Karpower deal and tie South Africa into expensive fossil-fuel electricity for the next 20 years.

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#KarpowerSA has been selected as a preferred bidder to provide electricity to Eskom from their gas-to-power ships for the next 20-years. This 20-year contract is worth more than R218-billion but will make electricity more expensive for South Africans.

South Africa needs access to clean, affordable electricity yet the Department of Mineral Resources and Energy wants to commit us to using dirty and expensive generation technology for the next 20-years.

  • This unprecedented 20-year ‘emergency’ contract will tie South Africa into a future dependent on fossil fuels, long after the electricity supply gap has  been closed.
  • Cheaper electricity is available in the form of clean, renewable energy at 75c/kWh (wind) or 91c/kWh (solar). Electricity from Karpowership SA costs are as follows:
    • Karpowership SA Coega: R1,36/kWh
    • Karpowership SA Richards Bay: R1,39/kWh
    • Karpowership SA Saldanha: R1,62/kWh
  • The tender process has been labeled as “grossly and blatantly flawed, corrupt and procedurally unfair”.
  • The cost and length of the contracts are unpopular within Eskom because they will add pressure to Eskom’s already stretched finances.
  • The pollution and greenhouse gas emissions from these ships will exacerbate climate change and limit South Africa’s ability to effectively tackle the climate crisis
  • This deal will enrich only a few elite, while negatively affecting local communities and consumers

For these reasons, we are calling on the Development Bank of Southern Africa (DBSA), the Industrial Development Corporation (IDC) and private finance institutions to publicly commit to not fund the Karpower deal and tie South Africa into expensive fossil-fuel electricity for the next 20 years.

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Gas-to-power ships are not the solution to South Africa’s energy crisis.

 

#KarpowerSA has been selected as a preferred bidder to provide electricity to Eskom from their gas-to-power ships for the next 20-years. This 20-year contract is worth more than R218-billion but will make electricity more expensive for South Africans.

South Africa needs access to clean, affordable electricity yet the Department of Mineral Resources and Energy wants to commit us to using dirty and expensive generation technology for the next 20-years.

“Enriching the few at the expense of the many”

 

For these reasons, we are calling on the Development Bank of Southern Africa (DBSA), the Industrial Development Corporation (IDC) and private finance institutions to publicly commit to not fund the Karpower deal and tie South Africa into expensive fossil-fuel electricity for the next 20 years.

Tweet: Spare a minute and send a tweet to Minister of Energy, Gwede Mantashe or the DBSA and IDC to show your disapproval of the Karpower deal. You can click any of the buttons below to Tweet right away.

.@GwedeMantashe1 South Africa needs clean energy, local investment and social justice. #KarpowershipSA gives us none of these. #StopKarpowershipSA #ClimateChange #JustTransition
Tweet this→
.@IDCSouthAfrica @DBSA_Bank Will you fund dirty #KarpowershipSA or cheaper renewables & local expertise? Time to support a #JustRecovery & fight #ClimateChange while fixing SA’s energy problems. #StopKarpowershipSA
Tweet this→

 

Is your bank financing the Karpowership project? Ask them on social media and tag @350Africa in your post.

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