PPAs signed for Avon and Dedisa peaking IPPs

A consortium led by France’s GDF Suez signed 15-year power purchase agreements (PPAs) with Eskom and implementation agreements with the Department of Energy on 3 June for two diesel-fuelled open cycle gas turbine power plants at Dedisa (335MW), in Eastern Cape, and Avon (670MW), in KwaZulu Natal. The €780m ($1.04bn) power projects will be built on a build-own-operate basis by a consortium of GDF Suez (38%), South Africa’s Legend Power Solutions (27%), Japan’s Mitsui & Co (25%) and black economic empowerment vehicle the Peaker Trust (10%).