African Review: "Gas-Fired Power Generation Could Add US$12bn to South African GDP"

Gas-fired power generation alone could add US$12bn to South Africa’s GDP, estimated the McKinsey report titled South Africa’s Big Five: Bold Priorities for Inclusive Growth. The report elaborated how natural gas could be the way out of the African nation’s impending power situation. According to the report, South Africa is expected to face a power shortage of up to 10GW by 2025, as nearly 14GW of aging coal plants will be decommissioned between 2020 and 2030. Simultaneously, power demand will also go up in response to the economy’s demands.

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