The department of mineral resources & energy has pushed back the deadline for the closure of financial agreements for the winning bidders of its emergency power procurement programme for the fifth time, to May.
The extension of the deadline for financial close — which refers to, among other things, the conclusion of financial agreements that ensure the winning bidders have the required financial capabilities to execute the projects — means the government’s plans to ease the country’s electricity shortages by having the projects operational from the initial date of August this year have been pushed back by a further 12 months...
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