Latest renewable energy delay: signing fails despite Mahlobo's undertaking
The latest despite comes despite a previous promise from Energy Minister David Mahlobo that the long-awaited event would occur this week
The signing of agreements for renewable energy power producers who bid successfully for projects in rounds 3.5 and 4 of the Renewable Energy Independent Power Programme (REIPP) was again postponed on Thursday, despite a previous promise from Energy Minister David Mahlobo that the long-awaited event would occur this week. The minister said at last week’s Energy Indaba that Eskom was working on the contracts, which would unlock about R55bn in investment, although he declined to say whether a cap of 77c/kilowatt hour (kWh) declared by his predecessor, Mmamoloko Kubayi, would be enforced. A well-placed source, who asked not to be named, said the Independent Power Producer Procurement Programme office had said the agreements were ready to sign on Monday, then asked for a few more days, until Thursday, to complete the final details. But on Wednesday Eskom raised the issue of the 77c/kWh cap. This issue has been extensively discussed, the source said. Eskom spokesman Khulu Phasiwe said Esk...