Floating power stations – ships that are either anchored offshore or moored at quayside and
transmit power through undersea cables – are proving to be a quick-fix to electricity supply
problems around the world.
South Africa estimates its "blue gold" could contribute as much as R177-
million to the economy by 2033. With two major port cities and its established
industrial development zones, the Eastern Cape is set to become the hub of this
maritime economic activity.
Work has reportedly begun on the Chinese-financed R84-billion super city in
Modderfontein, east of Johannesburg. Shanghai Zendai plans to turn the 1 600-
hectare property into 'Africa's New York', developing a financial hub with 35 000
houses, an educational centre, medical centre and a sports stadium.
As the country battles with an erratic power supply, recent financial data from
Statistics South Africa indicates increased investment by players in the electricity, gas
and water supply industry, with capital expenditure rising by almost 92% to R24,3-
billion in the third quarter 2014.
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