South Africa: Chancellor House bought out of Medupi boiler contract
Issue 274 - 28 Mar 2014
A controversial 25% stake held by the African National Congress investment arm Chancellor House Holdings in Hitachi Power Africa, the company which holds the R38.5bn ($3.6bn) boiler contracts at the 4,764MW Medupi and 4,800MW Kusile coal power projects, was acquired by Hitachi Power Europe (HPE) on 1 February. HPE also bought the 5% stake held by Makotulo Investments & Services. The move allowed Hitachi Power Africa to be reorganised into Mitsubishi Hitachi Power Systems Africa, which was launched at the beginning of March.
Want to read more?
(Access to one 100-400 word article)
Don't have an account?
Register for access to our free content
- 19 November 2020
Southern Africa moves towards new gas-based interdependency
Mozambique, Botswana, Lesotho, Angola, Namibia, Malawi, eSwatini (Swaziland), Zambia, Zimbabwe, South Africa
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map