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Deputy Information Minister Dr Jacob Maiju Korok said that Minister of Energy and Dams Peter Marcelo on Friday submitted to the Cabinet plans to build a 5MW super solar power plant in Juba city.
He said Marcelo presented the Memorandum of Understanding between the Ministry of Energy and Dams and TPA Limited.
The project aims to support the provision of reliable, continuous and affordable energy in Juba. The estimated cost is $150.2 million over 20 years, plus a five-year grace period on a concessional loan. Korok explained that the project was reviewed and approved unanimously.
He revealed that the Energy Minister also required the Finance Minister to pay $50 million to a company that invested in a solar power plant based on a court ruling.
Korok explained that the company had sued the government in the US arbitration court for failing to complete payments for the 20 MW solar power plant in Nesitu.
The State Council of Ministers approved on Friday Draft Budget 2024/2025 The focus is on paying salaries for civil servants and organized forces, and cutting travel expenses.
The budget is estimated at 4.2 trillion South Sudanese pounds, with a fiscal deficit of 1.9 trillion South Sudanese pounds.
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