Baraka - Isn't Oakley designed only to run as a peaker. I dont...

Baraka - Isn't Oakley designed only to run as a peaker. I dont believe it can be run as a base load to lock in that price - not sure. I got the impression ( from presentations and discussions) that they need at least a 1000MW unit that is base load with a low cost production.

Not sure but would really like the company to explain what the implications are and what are its alternatives - It does seem that they thought the growth in demand would allow them to develop one of their projects to get to be a producer of base load and solve this issue but in reality that demand has dried up and in fact you have to acquire one of the units - This probably more so if the state owned units are going into private hands.

We really need to get to a solution - I would rather find $200million by way of a rights issue and have the base funds to provide base plus Oakley so that they have the assets to fund about a third of the $1.5 billion the rest hopefully via finance.