TCTA secures funding for MCWAP-2A and commences with project implementation

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The Mokolo Crocodile River Water Augmentation Project recently received a national scale credit rating of Ba3 stable from Moody’s following from the Government of South Africa’s Ba2 stable rating. The project has a blended funding portfolio, encompassing an allocation from the fiscus for the component set aside for social needs, a commitment from commercial users repaying for individual off-takes and the government standing in for the future off-takers, to enable future economic development, which is to be repaid by such future users to the fiscus. “MCWAP is the first TCTA implemented project to successfully incorporate such a blended funding solution,” said Sechemane.

The expansion of the project, through MCWAP-2A, when completed by 2030, will consist of a water transfer scheme to augment existing water supply in the project area by 75 million kilolitres per annum from the Crocodile River some 160km away, supporting strategic power generation in the Waterberg area, expansion of the FGD technology to limit air pollution of coal-fired power stations and catalysing economic development in the Lephalale area.

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