Todays report in the AZ
http://www.az.com.na/wirtschaft/flucht-in-den-gasexport.68868.php
Perhaps a light at the end of 'Save Oranjemund "Tunnel
" CAPE TOWN, Feb 24 (Reuters) - Namibian power utility NamPower has not revised the price tag for its $1 billion Kudu gas-to-power project despite the credit crisis, Reiner Jagau, general manager of its power systems development told Reuters.
Jagau said on Tuesday he expects the first gas to be piped within three years of a final investment decision, and that he expects contractual agreements, which have delayed the project, to be signed by the end of this year. The south west African country is investing in the Kudu gas-to-power project to help overcome power shortages affecting its key mining industry and to lessen dependence on South Africa for imported electricity.
"We have not revised our prices due to the credit crunch experienced worldwide," Jagau said.
"It is clear that we have entered a buyer's market again and suppliers are prepared to spend time to prepare bids and to entertain contractual conditions previously not preferred by contractors," he said via email.