Karpowership deal down to 5 years with a new price

GAUTENG – Turkish power ship company Karpowership has reportedly agreed to alter the terms of proposal to dock in South Africa, lowering the controversial 20-year period to just five. However, the decrease in years also comes with a hike in pricing. The group said that the five-year deal would cost the country ‘less than R15 billion’ a year, annually, implying a total cost in the region of R75 billion. The previous contract was estimated at R230 billion for 20 years or just R11,5 billion a year.