South Africa’s independent power producer (IPP) office may need to open planned LNG-to-power projects to dollar financing to increase competition and reduce prices rather than pushing for rand denomination, industry figures have said.
The proposed infrastructure is estimated to cost at least $5 billion. “I think there’s the view that, on a pure rand basis, there probably isn’t going to be capacity in the South African market to totally fund those infrastructure requirements,” Vuyo Ntoi, investment director for Southern and Central Africa at AIIM, told delegates...
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