Emergency round procurement (RMIPPP)
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Individual Reform: Emergency round procurement (RMIPPP) 2026 - 2027

Some elements of this round are moving forward except for the floating gas component..

Gas electricity (floating) projects

Summary

The floating gas projects were meant to provide 1,220MW of natural gas to the grid as part of the emergency Risk Mitigation IPP Procurement Programme. This came to an end when Eskom stripped away grid access for Karpowership after it was unable to meet the 31 December 2023 deadline for reaching financial close.

Canvas not supported.

Is it working?

No.

Actions

None.

Are there plans?

There are no further plans to move this round of gas forward since Karpowership has lost its grid access.

Is it on the agenda?

The DMRE announced Karpowership and Mulilo as the preferred bidder to provide 1,220MW and 200MW respectively of gas to power under the RMIPPPP but it is now off the agenda due to the failure to reach financial close in December 2023.

Goals

Progress has been halted due to the gas-to-power preferred bidders losing grid access as a result of financial close failure.

References

Departments / Govt Institutions

Department of Electricity and Energy IPP Office

Summary

The floating gas projects were meant to provide 1,220MW of natural gas to the grid as part of the emergency Risk Mitigation IPP Procurement Programme. This came to an end when Eskom stripped away grid access for Karpowership after it was unable to meet the 31 December 2023 deadline for reaching financial close.

Canvas not supported.

Is it working?

No.

Actions

None.

Are there plans?

There are no further plans to move this round of gas forward since Karpowership has lost its grid access.

Is it on the agenda?

The DMRE announced Karpowership and Mulilo as the preferred bidder to provide 1,220MW and 200MW respectively of gas to power under the RMIPPPP but it is now off the agenda due to the failure to reach financial close in December 2023.

Goals

Progress has been halted due to the gas-to-power preferred bidders losing grid access as a result of financial close failure.

References

Departments / Govt Institutions

Department of Electricity and Energy IPP Office

Summary

Progress has been halted due to the gas-to-power preferred bidders losing grid access as a result of financial close failure. The floating gas projects were meant to provide 1,220MW of natural gas to the grid as part of the emergency Risk Mitigation IPP Procurement Programme. This came to an end when Eskom stripped away grid access for Karpowership after it was unable to meet the 31 December 2023 deadline for reaching financial close.

Canvas not supported.

Is it working?

No.

Actions

None.

Are there plans?

There are no further plans to move this round of gas forward since Karpowership has lost its grid access.

Is it on the agenda?

The DMRE announced Karpowership and Mulilo as the preferred bidder to provide 1,220MW and 200MW respectively of gas to power under the RMIPPPP but it is now off the agenda due to the failure to reach financial close in December 2023.

Goals

Karpowership's vessels through floating gas projects were approved to provide 1,220MW through the 'emergency' procurement round.

References

Departments / Govt Institutions

Department of Electricity and Energy IPP Office

Summary

Progress has been halted due to the gas-to-power preferred bidders losing grid access as a result of financial close failure. The floating gas projects were meant to provide 1,220MW of natural gas to the grid as part of the emergency Risk Mitigation IPP Procurement Programme. This came to an end when Eskom stripped away grid access for Karpowership after it was unable to meet the 31 December 2023 deadline for reaching financial close.

Canvas not supported.

Is it working?

No.

Actions

None.

Are there plans?

There are no further plans to move this round of gas forward since Karpowership has lost its grid access.

Is it on the agenda?

The DMRE announced Karpowership and Mulilo as the preferred bidder to provide 1,220MW and 200MW respectively of gas to power under the RMIPPPP but it is now off the agenda due to the failure to reach financial close in December 2023.

Goals

Karpowership's vessels through floating gas projects were approved to provide 1,220MW through the 'emergency' procurement round.

References

Departments / Govt Institutions

Department of Electricity and Energy IPP Office

Summary

Progress has been halted due to the gas-to-power preferred bidders losing grid access as a result of financial close failure. The floating gas projects were meant to provide 1,220MW of natural gas to the grid as part of the emergency Risk Mitigation IPP Procurement Programme. This came to an end when Eskom stripped away grid access for Karpowership after it was unable to meet the 31 December 2023 deadline for reaching financial close.

Canvas not supported.

Is it working?

No.

Actions

None.

Are there plans?

There are no further plans to move this round of gas forward since Karpowership has lost its grid access.

Is it on the agenda?

The DMRE announced Karpowership and Mulilo as the preferred bidder to provide 1,220MW and 200MW respectively of gas to power under the RMIPPPP but it is now off the agenda due to the failure to reach financial close in December 2023.

Goals

Karpowership's vessels through floating gas projects were approved to provide 1,220MW through the 'emergency' procurement round.

References

Departments / Govt Institutions

Department of Electricity and Energy IPP Office

Summary

Karpowership's vessels projects were approved to provide 1,220MW of electricity capacity through the emergency' procurement round. This came to an end when Eskom cancelled grid access for Karpowership after it was unable to meet the 31 December 2023 deadline for reaching financial close. HALTED: We stopped tracking this issue at end-June 2025. Following the failure to meet the financial closure deadline, the floating gas under the RMIPPPP round was declared dead in the water .

Canvas not supported.

Is it working?

The floating gas elements of RMIPPPP have been abandoned. Other elements of the procurement round were successful though with 6 projects totalling 428MW now online.

Actions

Following the procurement process, the floating gas elements have been abandoned and no further action has been suggested.

Are there plans?

Procurement was undertaken under the wider RMIPPPP (which did appoint six projects that are now connected or unders contruction). But the floating gas elements have now been abandoned after Karpowership could not obtain financial close.

Is it on the agenda?

The DMRE announced Karpowership and Mulilo as the preferred bidder to provide 1,220MW and 200MW respectively of gas to power under the RMIPPPP but it is now off the agenda due to the failure to reach financial close in December 2023.

Goals

The Risk Mitigation IPP Procurement Programme emergency round aimed to expedite new generation capacity to help ease load-shedding. The goal was to procure 1,998MW of capacity, including from floating gas power ships. This analysis focuses on the floating gas element.

References

Departments / Govt Institutions

Department of Electricity and Energy IPP Office

Summary

Karpowership's vessels projects were approved to provide 1,220MW of electricity capacity through the emergency procurement round. This came to an end when Eskom cancelled grid access for Karpowership after it was unable to meet the 31 December 2023 deadline for reaching financial close. HALTED: We stopped tracking this issue at end-June 2025. Following the failure to meet the financial closure deadline, the floating gas under the RMIPPPP round was declared dead in the water.

Canvas not supported.

Is it working?

The floating gas elements of RMIPPPP have been abandoned. Other elements of the procurement round (not floating gas projects) were successful with 6 projects totalling 428MW reaching financial close. Three are online and another three are still in construction.

Actions

Following the procurement process, the floating gas elements have been abandoned and no further action has been suggested.

Are there plans?

Procurement was undertaken under the wider RMIPPPP (which did appoint six projects. Three are online and another three are under construction). But the floating gas elements have now been abandoned after Karpowership could not obtain financial close.

Is it on the agenda?

The DMRE announced Karpowership and Mulilo as the preferred bidder to provide 1,220MW and 200MW respectively of gas to power under the RMIPPPP but it is now off the agenda due to the failure to reach financial close in December 2023.

Goals

The Risk Mitigation IPP Procurement Programme emergency round aimed to expedite new generation capacity to help ease load-shedding. The goal was to procure 1,998MW of capacity, including from floating gas power ships. This analysis focuses on the floating gas element.

References

Departments / Govt Institutions

Department of Electricity and Energy IPP Office

Summary

Karpowership's vessels projects were approved to provide 1,220MW of electricity capacity through the emergency procurement round. This came to an end when Eskom cancelled grid access for Karpowership after it was unable to meet the 31 December 2023 deadline for reaching financial close. HALTED: We stopped tracking this issue at end-June 2025. Following the failure to meet the financial closure deadline, the floating gas under the RMIPPPP round was declared dead in the water.

Canvas not supported.

Is it working?

The floating gas elements of RMIPPPP have been abandoned. Other elements of the procurement round (not floating gas projects) were successful with 6 projects totalling 428MW reaching financial close. Three are online and another three are still in construction.

Actions

Following the procurement process, the floating gas elements have been abandoned and no further action has been suggested.

Are there plans?

Procurement was undertaken under the wider RMIPPPP (which did appoint six projects. Three are online and another three are under construction). But the floating gas elements have now been abandoned after Karpowership could not obtain financial close.

Is it on the agenda?

The DMRE announced Karpowership and Mulilo as the preferred bidder to provide 1,220MW and 200MW respectively of gas to power under the RMIPPPP but it is now off the agenda due to the failure to reach financial close in December 2023.

Goals

The Risk Mitigation IPP Procurement Programme emergency round aimed to expedite new generation capacity to help ease load-shedding. The goal was to procure 1,998MW of capacity, including from floating gas power ships. This analysis focuses on the floating gas element.

References

Departments / Govt Institutions

Department of Electricity and Energy IPP Office

Summary

Karpowership's vessels projects were approved to provide 1,220MW of electricity capacity through the emergency procurement round. This came to an end when Eskom cancelled grid access for Karpowership after it was unable to meet the 31 December 2023 deadline for reaching financial close. HALTED: We stopped tracking this issue at end-June 2025. Following the failure to meet the financial closure deadline, the floating gas under the RMIPPPP round was declared dead in the water.

Canvas not supported.

Is it working?

The floating gas elements of RMIPPPP have been abandoned. Other elements of the procurement round (not floating gas projects) were successful with 6 projects totalling 428MW reaching financial close. Three are online and another three are still in construction.

Actions

Following the procurement process, the floating gas elements have been abandoned and no further action has been suggested.

Are there plans?

Procurement was undertaken under the wider RMIPPPP (which did appoint six projects. Three are online and another three are under construction). But the floating gas elements have now been abandoned after Karpowership could not obtain financial close.

Is it on the agenda?

The DMRE announced Karpowership and Mulilo as the preferred bidder to provide 1,220MW and 200MW respectively of gas to power under the RMIPPPP but it is now off the agenda due to the failure to reach financial close in December 2023.

Goals

The Risk Mitigation IPP Procurement Programme emergency round aimed to expedite new generation capacity to help ease load-shedding. The goal was to procure 1,998MW of capacity, including from floating gas power ships. This analysis focuses on the floating gas element.

References

Departments / Govt Institutions

Department of Electricity and Energy IPP Office

Analyst: Lameez Hyman
Status: halted
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