Frost & Sullivan 2012 Africa Competitive Strategy Leadership Award Conferred on Karoo Sustainable Energy Ltd.

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• Publié par: frost-sullivan
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• Langue: English

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Frost & Sullivan 2012 Africa Competitive

Strategy Leadership Award Conferred on Karoo

Sustainable Energy Ltd.

PR Newswire

LONDON, June 18, 2012

- KSE Remains the First and only Independent Power Producer

Appointed by the Botswana Power Corporation to Date

LONDON

,

June 18, 2012

/PRNewswire/ -- Based on its recent analysis of the

power generation market, Frost & Sullivan recognises Karoo Sustainable Energy

(Pty) Ltd; [

KSE

] with the

2012 Africa Competitive Strategy Leadership

Award

. KSE is an independent power producer (IPP) actively pursuing power

development projects in

Botswana

since 2008.

"The company has exhibited a competitive edge over the other entities

operating in the same environment, as reflected by its pioneering position of

first IPP in

Botswana

," notes Frost & Sullivan Research Analyst Celine Paton.

"Furthermore, the company has managed to negotiate the first Power

Purchase Agreement (PPA) with BPC which constitutes a first step to structure

the financing of its - 180 MW power generation project."

In 2008, KSE was awarded a 270MW tender, issued by the Botswana Power

Corporation, for the development of 270MW emergency power plant. Due to

the global economic crisis of 2008-2009, the project was restructured into a

90MW dual fuel (gas and diesel) and 180MW gas power plants. The 90MW

became a fast track project jointly developed with BPC and Debswana Diamond

Mining Company.

Companies entering a market affected by shortages generally aim to provide

innovative interim solutions. The same principle has been applied by KSE as it

developed in partnership with BPC and Debswana the Orapa 90 MW emergency

power plant. In addition to its initial role as developer, KSE eventually became

asset manager of the power station in recognition of its skill wealth and vast

experience in IPP markets. In this context, KSE showed flexibility, patience and

a strong ability to listen to BPC requirements by leveraging its competitive

intelligence.

The Orapa 90 MW power plant was commissioned in

August 2011

. "The power

plant will be used for peak load and will run with diesel in a first stage," adds

Paton. "The power plant can alternatively run with gas (sourced from coal bed

methane) thanks to the technology used (dual-fuel GE turbines), which should

provide substantial operating savings."

The Orapa 90 MW power plant will help alleviate the power deficit that

Botswana

is facing during peak hours. This will help contributing to the

country's economic growth as it will reduce the risk of implementing load

shedding measures.

The second power plant of 180 MW (Mmashoro 180 MW) is also planned for

development in the medium term. This project will be built, owned and

operated by KSE. The related PPA with BPC has been fully negotiated and

submitted to the relevant Ministries, for approval and final signature.