OFFICE MOVE
Independent Power Producer office to be shifted
Independent Power Producer programme set to become a subsidiary of the Central Energy Fund, says new Energy Minister Mmamoloko Kubayi
The Independent Power Producer office, responsible for the government’s shining success story — the renewable IPP programme — is to become a subsidiary of the Central Energy Fund (CEF), new Energy Minister Mmamoloko Kubayi announced on Friday. The programme attracted R196bn in investment between 2011 and 2015, when it stalled after Eskom opposed the signing of further power purchase agreements with producers. It had, however, been criticised for its failure to create significant black participation at ownership level. The IPP office, which was run by widely respected public finance expert Karen Breytenbach, enjoyed a large degree of autonomy and independence. Part of the success of the programme had been its transparency and investor confidence in the contracting process that the office established. Although it was part of the Department of Energy, the office was housed at the Development Bank of SA, which funded its starting up. Since then it has been financed by a 1% levy on succe...
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