Volume X - Issue II - February 2008
Other News Affecting Projects & PM
Are Disaster Response Projects increasing? UN announces record number of Disaster Responses in Americas in 2007 The United Nations emergency teams that support Member States in coordinating disaster response within hours of tragedy striking conducted nine missions to the Americas this year, the highest ever, the UN Office for the Coordination of Humanitarian Affairs (OCHA) has reported. Overall, the UN Disaster Assessment and Coordination (UNDAC) teams carried out 14 missions in 2007, higher than the usual yearly number, 70 per cent of them in response to hurricanes and floods, “possibly a glimpse of the shape of things to come given the reality of climate change,” OCHA said.
The UNDAC system consists of more than 160 national emergency managers from 57 countries together with staff from OCHA and 12 other international organizations, including UN agencies and the Red Cross and Crescent movement in cooperation with non-governmental organizations and private sector companies. This year Israel and the United Arab Emirates joined the system. The missions to the Americas included the first ever to Mexico (floods), as well as to Dominican Republic (Tropical Storm Noel), Honduras (Hurricane Felix), Belize and Jamaica (Hurricane Dean), Peru (earthquake), Uruguay (floods) and two to Bolivia (floods). The previous highest for the Americas was eight, after Hurricanes Mitch and George in 1998.
“The 160 members of the United Nations Disaster and Assessment and Coordination system collectively possess literally thousands of years of experience in managing the response to disasters of all kinds and in all parts of the world,” UNDAC Chief Arjun Katoch (pictured) said. “With their duffel bags perpetually packed, and their travel papers ever ready, these are the men and women who leave their homes within hours of a tragedy to respond to the needs of their fellow human beings around the globe,” he added. Since its inception in 1993, UNDAC members have carried out 167 missions, the largest number in late 2004 and early 2005 in response to the Indian Ocean tsunami when 44 experts from 16 countries and four agencies were deployed to five stricken countries, beginning exactly three years ago today, the day the tsunami struck. Managed by OCHA, the system is designed to coordinate the response during the first phase of a sudden-onset disaster. It also seeks to strengthen national and regional disaster response capacity. Source: UN Daily News Digest, December 26, 2007. Gulf States Launch GCC Common Market Reported by Mounir Ajam in Dubai, UAE Six oil-rich Gulf monarchies have ushered in the new year by setting up a common market with a combined economy of $715 billion dollars. The new regional economic grouping should ensure economic equality for Gulf Cooperation Council (GCC) citizens, GCC Secretary General Abdulraham al-Attiyah said on Tuesday, January 2, 2008.
In addition to allowing the free flow of capital, the common market should give GCC nationals freedom of movement, residency and employment - in both the private and public sectors - in any of the six countries [Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates]. Kuwaiti economist Hajjaj Bukhbur said the common market would boost GCC negotiating power. …Qatar's Al Watan newspaper warmly welcomed the launch of the market, calling it a ‘strategic step towards complete economic integration.’ The GCC also plans to achieve monetary union by 2010. The Middle East Daily Financial News noted that “The newly launched GCC common market faces a number of challenges that need to be addressed, reported Gulf News citing interviews with economists. Some hurdles still remain, including monetary policies in the GCC states, mounting inflation rates, and laws and regulations related to investment. However, experts believe the GCC common market would grant the countries strong competitive tools with which to face global economic challenges. The freer movement of capital and people in the region should be a boost for projects and should help the project management industry grow and expand more rapidly.
Brazil's President Pledges Massive Spending On Infrastructure According to a World Bank news release in late December, President Luiz Inacio Lula da Silva of Brazil has pledged massive spending to build highways, railroads, ports and housing projects, in a bid to help ensure the economy maintains its brisk expansion.
Millions of jobs will be created as Brazil becomes an 'immense construction site,' the ... president said in a 10-minute year-end speech broadcast nationwide. Lula said $285 billion will be invested in transportation, energy, housing and sanitation projects in the next few years. Another $10 billion will be spent improving public safety and education through 2010, he said. He praised Brazil's economic performance and said unemployment dropped to 8.2 percent in November - the lowest level in five years. ..." [The Associated Press/Factiva]Reuters added that "Millions of Brazilians have emerged out of poverty since 2003 as a result of economic growth and social welfare policies, Lula said on Thursday (27 December). Job and salary growth as well as increased government aid are helping to eradicate poverty in Brazil, he said. In the last 17 months alone, 14 million people joined a new middle class, Lula said in a televised year-end address. In 5 years, 20 million people (out of a population of 184 million) rose from the lower classes, he said. ..." [Reuters/Factiva] Source: World Bank News Review, December 28, 2007 Brazil's President Pledges Massive Spending On Infrastructure African countries grappling with dangerous airplanes and lax aviation rules are banding together to improve air safety. Passengers flying in Africa are roughly 75 times more likely to die in a crash than fliers in North America. ... As a result, several African countries are cooperating to boost their aviation industries. Kenya and four neighbors are establishing a common aviation-oversight body. In a separate initiative, seven West African countries are pooling scarce air-regulation resources through the Banjul Accord Group. Three other groups of nations in central and southern Africa are following these leads and starting to coordinate aviation oversight. Aviation specialists from the UN, World Bank, the US and the EU are endorsing the cooperative approach and providing funding, training and model texts of aviation regulations that meet global standards. The reward for safer aviation isn't only protecting lives. African states are banking on big economic returns through commerce, tourism and foreign investment. African officials say they have learned from past failures. Kenya is one of five countries contributing technical and flight-operations staff to East Africa's new Civil Aviation Safety and Security Oversight Agency. Each partner will pay fees to handle specific tasks performed by the agency. Officials' hope this can help offset the exodus of trained inspectors and other aviation experts from Africa. ..." [The Wall Street Journal/Factiva] Source: World Bank press review, December 27, 2007 Editor’s Note: This news is relevant to project managers for three reasons: (1) PM’s doing work in Africa must travel by air frequently; (2) more project management will be needed in the air traffic safety sector in coming years; and (3) safer air transport is needed to spur investment, trade and economic development, all of which occur in the form of projects.
South Korea earmarks $40 Billion to help North Korea The incoming Lee Myung-bak government in South Korea has announced plans to earmark $40 billion for an international cooperative fund to support North Korea's economic growth, Lee's power transition team said on January 4, 2008. The planned fund, to be created with the help of the World Bank and the Asia Development Bank, is in line with Lee's ambitious plan to help increase the ...North's per capita income to $3,000 within a decade if it makes the bold decision to abandon its nuclear program and open its market, said the team's spokesman Lee Dong-gwan. ..." [Yonhap News Agency (South Korea)/Factiva] AFP notes that "...The fund...was proposed during a foreign ministry report to president-elect Lee Myung-Bak's transition team, Yonhap news agency said. ..." [Agence France Presse/Factiva] Source: World Bank Press Review, January 4, 2008.
Gazprom enters Development Talks with Nigeria Reported by O. Chima Okereke in Port Harcourt, Nigeria OAO Gazprom and the Nigerian government are in early talks about a deal by which the Russian natural-gas company would help explore and develop the West African nation's huge gas resources, a senior Nigerian oil official and Gazprom officials said.
Nigeria is Africa's biggest oil producer but also has the world's seventh-largest gas reserves, which until the past decade have been underutilized. For decades, the country has flared, or burned off, most of its gas because of the lack of infrastructure and a tiny domestic market. ..." [The Wall Street Journal (01/07)/Factiva] Yes within the last decade, a significant step was made in the utilization of the gas reserves with the building of gas gathering stations by Shell Nigeria and other oil companies where some of the gas should be processed for commercial use instead of being flared. Most significant of these efforts was the building of the Nigeria Liquefied Natural gas Complex (NLNG) at Bonny. A major gas processing plant built and owned by the Nigerian Federal Government and the joint venture partners such as Shell, Elf, Agip, etc. In this complex, large quantities of natural gas are industrially processed for export to overseas customers. AFP writes that "... Gazprom's representative Ilya Kochevrin was quoted as saying: 'We made a decision to go global in terms of acquiring assets and developing strategy outside Russia. Africa is one of our priorities.' ..." [Agence France Presse (01/04)/Factiva] FT reports that "... Gazprom has yet to submit detailed proposals to the Nigerian government for developing its gas industry, but the company says it is willing to help capture gas currently burned as waste during oil production in the Niger Delta. ..." [The Financial Times (01/06)]
Dow Jones adds that "... Since coming to office in May, Nigerian President Umaru Yar'Adua (pictured) has put a high emphasis on the country stepping up the development of its gas reserves for domestic use, especially for power generation. Nigerian energy officials have also made no secret of the country's desire to court Chinese, Indian and other non-Western companies willing to offer host governments railways and other non-energy infrastructure as part of energy deals. Many such firms are already exploring for oil and gas in Nigeria. ..." [Dow Jones (01/05)/Factiva] Source: World Bank Press Review, January 7, 2008.
BBC predicts five technologies to rise in 2008 - Reported by Miles Shepherd in London, UK According to the BBC (British Broadcasting Corporation) on Tuesday, January 2, the following five technologies are expected to grow dramatically in 2008
Source: BBC NEWS:http://news.bbc.co.uk/go/pr/fr/-/1/hi/technology/7147804.stm. Editor’s note: This is very interesting and relevant news for project managers around the world, as four of the five technologies mentioned above can be used by PMs and their teams. For projects in developing economies, where land based infrastructure may be less available, such technologies can be empowering, allowing project participants to connect, communicate and contribute more effectively.
Japan to offer US$10 Billion in Global Warming Aid
According to the World Bank, Japan is planning to pledge $10 billion in aid to developing countries over the next five years to help them combat the effects of global warming. Prime Minister Yasuo Fukuda (pictured) is expected to make the announcement either in parliament or at the annual World Economic Forum in Davos, Switzerland, later in January, the Nikkei Business Daily in Tokyo reported on Thursday, January 10. Kyodo News writes that "...Under the program, Japan will help aid recipients reduce greenhouse gas emissions, work to prevent natural disasters linked to global warming and shift to use of more renewable energy sources such as solar power rather than oil and other fossil fuels, the sources said. The aid package is expected to cover more than 40 countries from Asia, Africa and Latin America, with Tokyo already discussing concrete support measures with Indonesia, they said. ..." [Kyodo News (Japan)/Factiva] Reuters reports that "...The aid would come in the form of grants or low-interest loans, it said. Japan would help improve the efficiency of China's ageing coal-fired power plants and money would also be used to assist developing countries to gather meteorological data to help them prevent natural disasters, the Nikkei said. ..." [Reuters/Factiva] Nikkei noted that "...Japan is already in negotiations with Indonesia under this framework, and an agreement could be reached as early as March. Aid will also be extended to Tuvalu, a Pacific island nation endangered by rising sea levels. ..." [Nikkei (Japan)/Factiva] Source: World Bank Press Review, January 10, 2008
Global Bank Group sees Economic Rebound According to a new report, a group of the world's leading commercial and investment banks does not foresee a recession in the US and predicts that private investment in emerging markets will remain strong in 2008. The Institute of International Finance (IIF) expects the volume of net private capital flows to emerging markets in 2008 to reach $670 billion, which represents only a modest dip in capital compared to the record $681 billion reached in 2007. The IIF estimates that the volume of net private capital flows to emerging markets in 2006 totaled $560 billion.
Xinhua noted that "...Economic activity in the US According to the report, growth in the leading industrial economies is projected at 2.1 percent this year, down from 2.4 percent in 2007, while growth in emerging market economies is projected at 6.9 percent, following 7.3 percent last year. The US economy is expected to rise by 2.1 percent this year after expanding by 2.9 percent in 2007, said the report." [Xinhua/Factiva] AFP added that "...The organization, which groups 370 financial businesses in 65 countries, estimated US GDP growth of 2.3 percent this year, sharply higher than most forecasts currently circulating from other sources. ... The IIF also highlighted an expected increase in inflationary risks, particularly in the second half, under surging commodities prices. In addition, the central banks, particularly the Fed, are seen as ending a spate of credit easing. ..." [Agence France Presse/Factiva] FT reports that "...The IIF expected 'painfully little' progress in reducing global economic imbalances in 2008. It expected that oil prices would ease to $75 a barrel from their current trading range in the $90s, but would remain high by historic standards, sustaining the boom in oil exporting countries. The moderation in oil prices and increased food supply should reduce overall inflation, it argued. It says the world's big central banks will change roles mid-year 'from insurance agent to inflation hawk'. ..." [The Financial Times (UK)] Source: World Bank Press Review, January 11, 2008
EU, Japan and USA plan New Energy-Saving Organization Japan, the US and the EU will jointly propose the creation of a new body to act as an international command centre in efforts to counter global warming. The proposal will be formally unveiled at a G8 summit on the Japanese island of Hokkaido in July, the Yomiuri newspaper said without quoting specific sources. The new organization wIll make suggestions on energy conservation measures for countries such as the G8 leading industrialized nations and members of the International Energy Agency (IEA), as well as China and India, the newspaper said. The aim will be to transfer developed countries' knowledge of energy conservation to other large energy consumers and to study their effectiveness, Yomiuri said. The body would create indicators for conservation related to the amount of fuel or energy used by cars, home appliances and the industrial sector, and use the data as the basis for its policy suggestions..." [Reuters (01/06)/Factiva] Daily Yomiuri notes that "...The new organization will be funded by Japan, the US and European countries, with the IEA in Paris being eyed as a possible location for the new body's headquarters. Discussions over the new confederation will get under way during a preparatory meeting for the energy ministers of the G-8 countries, set to be held on Jan. 22 and 23. ...The establishment of the new body will boost the promotion of energy-saving efforts around the world, as well as placing new responsibility on the IEA." [Daily Yomiuri (Japan, 01/06)/Factiva] In related news, OANA reports that "The Japanese government has selected 41 priority countries for assistance under its 'financial mechanism' on climate change for developing countries in a bid to take a lead in the battle against global warming, government sources said Saturday. China and India, two of the largest emitters of greenhouse gases, are included in the 41 countries, mainly in Asia, Africa, and Central and South America, the sources said. Among the 41, eleven countries including Kenya have been designated as 'early implementation' countries. By demonstrating the effectiveness of the mechanism to help developing nations, Japan is aiming to gain support from the international community for its initiatives to deal with global warming. The government is planning to speed up consultations with each country to work out details such as how to provide assistance and the amount of funds, the sources said. ..." [Organization of Asia-Pacific News Agencies (Malaysia, 01/06)/Factiva] Source: World Bank Press Review, January 7, 2008 India and the World Bank join forces The Government of India and the World Bank Group have announced that they will join forces to fight fraud, corruption and systemic deficiencies in India ’s health sector. Steps will be taken immediately to investigate indicators of wrongdoing and implement further safeguards. The Government of India has announced its intention to reexamine ongoing and future projects to ensure that they incorporate the lessons from a Detailed Implementation Review (DIR).A DIR launched by the World Bank in 2006 and supported by the Government of India found serious incidents of fraud and corruption in five health projects. The projects began implementation between 1997 and 2003, financed by the Government of India, the World Bank and other donors. Four projects have been completed, one is ongoing and will be reviewed to incorporate the findings of the DIR. The detailed review was prompted by a Bank investigation in 2005 into a Reproductive and Child Health (RCH1) project. It found corrupt practices by two pharmaceutical companies which were subsequently disbarred by the Bank and the Government. The World Bank and the Government of India have introduced detailed anti-corruption plans into all new health projects in view of the findings of the RCH1 investigation.
“The probe has revealed unacceptable indicators of fraud and corruption,” said World Bank Group President Robert B. Zoellick (pictured). “The Government of India and the World Bank are committed to getting to the bottom of how these problems occurred. I appreciate the resolute commitment of the Government which will be in the lead in pursuing criminal wrongdoing. On the Bank side, there were weaknesses in project design, supervision and evaluation. There are also systemic flaws. I am determined to fix these problems. The Volcker Report points the way towards what has to be done.” The Government of India and the Bank have committed themselves to tighten oversight of the entire Bank-supported health portfolio, currently nine projects, and to ensure that all new health sector projects include measures to counter the risks identified in the DIR such as comprehensive audits and performance reviews by independent third-party agents. The Bank will also examine its supervision methods and strengthen those to address the vulnerabilities identified in the DIR. Ngozi Okonjo-Iweala (pictured), Managing Director of the World Bank, stated in Delhi on January 10: “I have had productive discussions with the Finance Minister and his officers. We have a strong partnership and will work closely together to ensure swift action. I am encouraged by the Government of India ’s serious resolve to address these issues based on the lessons of the DIR and have confidence in their capacity to do so.” Zoellick said the Bank’s governance and anticorruption work from now on would be placed before the scrutiny of independent and external reviewers to ensure that the institution was making tangible progress in its fight against corruption. The Bank and the Government of India have already sought to address a number of the risks through new project design steps, taking guidance from the RCH1 investigation. Some of the remedial measures being built into new projects in health and other sectors include:
The Government of India will take the lead in pursuing indicators of wrongdoing that emerged in the DIR. The World Bank will also continue its probe which may lead to further sanctions such as debarment of companies and appropriate action against any Bank staff found negligent. Zoellick directed the Bank’s Department of Institutional Integrity to make it a priority to investigate the findings of the implementation review to pursue evidence for legal action. A DIR is an instrument used by the World Bank to help assess the risk of fraud and or corruption. Previous DIRs have helped Indonesia, Kenya and the Philippines get to grips with some of these issues. The five projects covered by the DIR include the $114 million Malaria Control Project, the $82.1 million Orissa Health Systems Development Project, the ongoing $54 million Food and Drug Capacity Building Project, the $193.7 million Second National HIV/AIDS Control Project, and the $124.8 million Tuberculosis Control Project. Source: World Bank Press Release, January 11, 2008 UN calls for more Clean Water projects to avoid conflicts Cautioning that a shortage of water resources could spell increased conflicts in the future, Secretary-General Ban Ki-moon told participants at the World Economic Forum in Davos, Switzerland on January 25 that the United Nations will take action to address the problem in the context of reaching global anti-poverty targets.
“Our experiences tell us that environmental stress, due to lack of water, may lead to conflict, and would be greater in poor nations,” Mr. Ban told leaders from governments, intergovernmental and non-governmental organizations, industry, academia and the arts attending the annual meeting in Davos. “Population growth will make the problem worse. So will climate change. As the global economy grows, so will its thirst. Many more conflicts lie just over the horizon,” he warned. The Secretary-General cited a recent report by International Alert identifying 46 countries, home to 2.7 billion people, where climate change and water-related crises create a high risk of violent conflict. A further 56 countries, representing another 1.2 billion people, are at high risk of political instability, according to the study. “This is not an issue of rich or poor, north or south,” he said, pointing to examples of water problems in China, the United States, Spain, India, Pakistan, Bangladesh and the Republic of Korea. “All regions are experiencing the problem.” The Secretary-General emphasized that water resources must be protected. “There is still enough water for all of us – but only so long as we keep it clean, use it more wisely, and share it fairly,” he said. The Millennium Development Goals (MDGs), which call for halving the proportion of people without access to safe drinking water by 2015, are key to this effort, he said. Mr. Ban announced that he would gather world leaders at the UN this September “for a critical high-level meeting on the MDGs, focusing in particular on Africa.” Source: UN Daily News, January 25, 2008 African leaders meet to discuss Infrastructure Projects A Roundtable Meeting on African Infrastructure was held on 24 January 2008 in Saly-Portudal, Senegal within the framework of the “NEPAD’s Roundtable on the Financing of Priority Infrastructure.” Chaired by Senegalese President, Abdoulaye Wade, the event brought together the African Union’s Infrastructure and Energy Commissioner, Bernard Zoba; the Islamic Development Bank President, Mohamed Ali; African ministers of infrastructure, representatives of regional economic communities, NEPAD secretariat representatives and African Development Bank Group experts.
Speaking on the occasion, President Wade (pictured) said that it was time to concretely carry out important infrastructure projects on the continent. He stressed that documents prepared by the infrastructure and energy commission and submitted to participants during the meeting were complete. He called on African ministers of infrastructure to make a selection of projects, urging them to select, over the next five years, three major road projects, three railway projects, three major bridge construction projects, regional bridges and two or three energy projects which could be approved by African heads of states during the next African summit. The meeting enabled participants to examine project briefs prepared by experts after an in-depth exchange of views on resource mobilization mechanisms and the implementation of projects retained. The exchange was followed by financial pledges by representatives of multilateral and multilateral financing institutions.
Speaking during the opening ceremony, Mr. Zoba, said the objective of the meeting was to give impetus to development projects carried out by the African Union in the infrastructure and energy sectors. He called on African countries to choose a list of major continental and regional projects that would help give the continent’s development efforts a shot in the arm. He also called on donors to help provide financing for major continental projects. The World Bank, for its part, pledged US$ 2.3 billion per year, the Islamic Development Bank which is financing parts of the Alger-Lagos and Dakar-Djibouti corridor promised to provide, over the next three years, two million dollars for studies, US$360 million for infrastructure development and US$40 million for electricity. The West African Development Bank CFAF 52 billion for road infrastructure and CFAF 48 billion for ICTs. The European Union expressed interest in the Rosso and the Gambia bridges, while the French Development Agency indicated it would like to invest €400 million in regional infrastructure development. The Community Investment and Development Bank (BIDC) promised to invest in the construction of the bridge over the Gambia River. The West African Economic and Monetary Union is looking forward to investing up to CFAF 50 billion over the next five years, including CFAF 10 billion for studies and CFAF 40 billion as counterpart guaranties from member states of the monetary zone. For more information on this story, visit the website.
The African Development Bank (ADB) is a regional multilateral development finance institution established in 1964 to mobilize resources towards the economic and social progress of its Regional Member Countries (RMCs). It is headquartered in Abidjan (Côte d’Ivoire). Since beginning its operations in 1966, the Bank has become a key player in promoting economic and social development in African states, as proclaimed in the preamble of the Agreement under which it was established. The African Development Fund established in 1972 and the Nigeria Trust Fund established in 1976, constitute with the ADB as the flagship, the African Development Bank Group. For more information, visit www.adbg.org. UN provides funds for Agriculture Projects in Yemen Some 185,000 poor families in Yemen are set to benefit from a new project co-financed by the United Nations International Fund for Agricultural Development (IFAD) aiming to reduce rural poverty and help farmers cope with the effects of climate change. IFAD is providing a $16.6 million loan to help fund the new Rainfed Agriculture and Livestock Project which focuses on reducing the degradation of natural resources such as water and soil.
Natural resources are being placed under greater stress by rapidly increasing populations in the governorates of Al-Mahweet, Hajjah, Hodeidah, Lahej and Sana'a, all five of which face drought and water shortages as a result of climate change. The $42.2 million project seeks to upgrade and diversify agricultural production, while using natural resource management initiatives to help stop and reverse resource degradation. The project will also assist small farmers, herders, poor landless people and female-headed households to strengthen their processing and marketing systems, as well as support efforts to secure greater access to markets and build more partnerships with the private sector. In addition, it will help rural households protect vital assets such as soil, water, seeds and animals.
IFAD’s Country Programme Manager for Yemen Abdalla Rahman pointed out that under the project’s farmer-based seed management system, planters will be directly involved in the selection of drought-resistant local seed varieties and produce these varieties for commercial use by other growers. “The project’s programme of terrace rehabilitation and water harvesting will improve the ability of farmers to cope with climate change,” he added. The project will also introduce microfinance services and promote the development of new micro-enterprises and income-generating activities. The current project brings to 19 the total number of initiatives financed by IFAD in Yemen, with a total commitment of $190.9 million. Source: UN Daily News, January 22, 2008 Agreement signed for Gas-Powered power generating facility Reported by Jaycee Kruger in South Africa An agreement between independent power producer IPSA was signed with the South African government’s Central Energy Fund (CEF who acts as the holding company for State-owned oil company PetroSA, and iGas) to install a 521-MW open-cycle gas turbine plant outside Port Elizabeth, as well as investigating the construction of a further four plants with the same capacity and technology at a later stage, as part of the integrated energy project being developed at the Coega Industrial Development Zone (IDZ), in the Eastern Cape Province of South Africa.
In addition, the company will also proceed with its proposed 1 600-MW Coega fast-track combined-cycle gas turbine project in close collaboration with PetroSA and iGas and so achieve rapid installation of new privately financed and much needed power generation capacity in South Africa. IPSA stated that this would be in tandem with the South African government's plans for Coega to be at the "heart of a new energy centre" providing liquid fuels and liquefied natural gas (LNG) to the industrial tenants of the IDZ, it stated. Also under the agreement, a joint working group, including PetroSA, iGas and the Department of Minerals and Energy (DME), will be established to coordinate the different parts of what will be a substantial energy development, linking fuel importation with power generation and energy distribution. CEO Peter Earl is reported to have said: "We are pleased to have taken these first steps towards making Coega South Africa's first integrated LNG-to-power project. This is an important diversification away from the dependence on the country's Northern coal reserves" and added: "We aim to install our turbines as fast as possible to ensure uninterrupted supply of electricity in the Eastern Cape". IPSA Group PLC ("IPSA" or "the Company") is a company incorporated in England and Wales which has been established to develop, own and manage power generation plants in southern Africa. The Company acquired the southern African power business of Independent Power Corporation ("IPC") through its acquisition of Blazeway Engineering Limited ("Blazeway") http://www.ipsagroup.co.uk.
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