Brief: Scatec Awarded Battery Storage Project For 103 MW In South Africa

Scatec ASA

30/11/2023 13:57

Nov 30 (Reuters) - Scatec ASA  SCATC.OL :
    * SCATEC AWARDED BATTERY STORAGE PROJECT FOR 103 MW IN
GOVERNMENT
TENDER IN SOUTH AFRICA
    * SCATEC WILL DISPATCH POWER UNDER A 15-YEAR POWER PURCHASE
AGREEMENT (PPA)
    * ESTIMATED TOTAL CAPEX FOR BATTERY ENERGY STORAGE PROJECT
IS ZAR
3.1 BILLION (USD 163 MILLION) OF WHICH SCATEC'S EPC CONTRACTS
ACCOUNT FOR APPROXIMATELY 83%
    * ACCORDING TO DEPARTMENT OF MINERAL RESOURCES AND ENERGY,
COMMERCIAL CLOSE IS EXPECTED TO BE CONCLUDED BY JUNE 2024

Source text for Eikon:  ID:nGNEcb0lsh 
Further company coverage:  SCATC.OL 

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