ELECTRICITY
More independent power producer deals possible, says energy minister
The government is still considering more agreements with renewable energy independent power producers amounting to R64bn, Energy Minister Jeff Radebe says. Radebe was speaking at a contract signing ceremony on Wednesday between Eskom and 27 independent power producers for bid windows 3.5 and 4 that will inject more than R55bn in direct foreign investment into the local economy. However, the extension of the projects, which have faced strong opposition from labour unions, was dependent on affordability, prices, economics and the value of money, he said. Since the programme was launched, 53 independent power producer projects had started operations, 27 were signed on Wednesday and 22 others were in the pipeline. It was expected that the total electricity generation capacity of all the 102 independent power producers would be 17,000MW. "Having signed these bid windows 3.5 and 4, we still have other projects in the pipeline to be signed. Furthermore, we are still giving consideration to...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.