Page 7 - Energize March 2021
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        Powerships to help provide SA with power                                  the economy following a devastating second
                                                                                    As South Africa focuses on rebuilding

                                                                                  wave of Covid-19 infections and restrictions,
                                                                                  businesses and communities can rest
             arpowership SA (KPSA), a South African company which is 49% black owned, welcomes   assured that powerships will mitigate the
             the Department of Mineral Resources and Energy’s (DMRE’s) decision to appoint KPSA   impact of load-shedding and its effect on
       Kas a Preferred Bidder in the country’s Risk Mitigation Independent Power Producers   livelihoods. KPSA will stand shoulder to
        Procurement Programme (RMIPPPP).                                          shoulder with fellow South Africans, bridging
           The ships will provide power in the ports of Coega, Saldanha and Richards Bay, thereby   the energy gap with a clean, reliable, cost-
        assisting to support the country’s national electricity supply.           effective source of power.
           Preferred Bidders have been selected through an open, highly regulated, and transparent bid   As part of our commitment to the South
        process determined by the DMRE. The ideal solutions for this bid were hybrid renewable options   African government’s just energy transition,
        and Liquified Natural Gas LNG-to-Power proposals, due to the nature of the bid and the needs of   KPSA has committed to ensure that at least
        the South African population. The KPSA bid offers low-cost electricity generation, supported by a   65% of its workforce will be South African,
        clean thermal energy solution using LNG.                                  employed from local communities. Our
           With Karpowership’s globally established LNG-to-Power value chain and unique powerships,   comprehensive Economic Development Plan
        KPSA offers a solution that promises fast-track access to reliable electricity. KPSA has also   is weighted towards long-term jobs, skills
        committed to a comprehensive economic development plan that will provide socio-economic uplift   development and economic upliftment in
        to local communities where they operate through job creation, skills development, and local supplier   local communities, at each of the three ports
        procurement. KPSA will endeavour to assist in the country’s economic recovery by providing a   where the powerships will be stationed.
        reliable source of power for all sectors and industries to meet South Africa’s energy supply gap.  As a responsible corporate citizen
           Karpowership SA will benefit from the global alliance of its parents: with well-established   which operates in accordance with
        and reputable brands such as Shell as our exclusive LNG supplier, and Mitsui O.S.K. Lines (MOL)   global standards and best practice, KPSA
        from Japan, a world leader in the LNG shipping industry, KPSA can assure a smooth transition to   will ensure and maintain all local and
        efficient and reliable electricity in South Africa at the most competitive cost.  international environmental codes and
           The company has worked with local and international lenders as a part of its bid submission   practices in order to preserve, protect and
        and will continue these efforts.                                          enhance South Africa’s oceans, ports and
           Powerships, which are fully self-contained floating power stations which operate on regasified   sensitive environmental areas.
        LNG, together with specialised floating storage and regasification units (FSRUs) for the LNG, are   KPSA looks forward to working with
        constructed and immediately available for deployment in South Africa.     the South African government and South
           Powerships will contribute to the avoidance of load shedding during peak periods and when   African people, to ensure energy security
        unplanned breakdowns occur at other power plants in the system. Powerships are also a cost-  for all.    n
        effective way to procure and deliver reliable electricity with inherent additional benefits to the
        grid system. Using LNG, powerships generate electricity at an affordable all-inclusive delivered   Contact Nicole Mirkin, Karpowership SA,
        cost, which includes all capital costs such as fuel, equipment, as well as all operational and   Tel 084 552 3122,
        maintenance costs.                                              

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