First coal to liquid project attracts 11 bidders
Friday, September 22, 2017
According to BOL’s government and stakeholder relations manager, Matida Mmipi submissions for the tender will be evaluated and if a suitable bidder is identified, they will enter into contract to develop the coal to liquids plant.
It is anticipated that, to ensure increased chances of developing the project, at least one tenderer will be engaged. Mmipi said following the close of the tender on August 24, 2017, the evaluation process should take approximately two months to complete. “This would then be followed by negotiations and contracts signing,” she said.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...