Thabametsi 630MW coal fired power plant

13/3/2017
Project development

Announced

13/3/2017


Overview:

  • The Thabametsi 630MW coal fired power plant, also known as also known as the Grootegeluk power station, is a proposed power plant being developed by the Marubeni Corporation and Exxaro Resources.
  • The plant will be located in Lephalale, Limpopo, adjacent to Exxaro’s existing Grootegeluk Complex.
  • It is one of the first projects bid under the government's Coal Baseload IPP Procurement Programme.
  • The financing for the project is provided by Nedbank, Standard Bank, Rand Merchant Bank (part of FirstRand Bank), the Development Bank of Southerb Africa and Absa Bank.
  • In March 2017 the High Court in Pretoria set aside a decision by Environmental Affairs Minister Edna Molewa to authorise the plant due to the lack of a climate change impact assessment, one of the first climate change litigations in the country.

Anna Kozakova - Journalist

Jurisdiction:

South Africa

Deal type:

Project development

Practice area:

Project development

Governing law:

South Africa

Industry sector:

Energy


Firms:

Party: Marubeni Corporation (Sponsor)


Party: Marubeni Corporation (Sponsor)

Party: Korea Electric Power Corporation (KEPCO) (Sponsor)

Lawyer: Jonathan Behr