Foreign investors in energy sector will have to partner with locals, Zuma says
President Jacob Zuma says that transformation in the energy sector is paramount and international investors will have to partner with South Africans in the future. Zuma was addressing the Energy Indaba held in Midrand on Thursday, convened by Energy Minister David Mahlobo. It had been anticipated that Mahlobo would use the event to unveil the latest iteration of the Integrated Resource Plan (IRP), which spells out government’s energy plans for the next 20 years. In his opening remarks, Mahlobo told delegates that "by next week we will give you the plan", in an apparent reference to the IRP. Zuma praised the success of SA’s renewable energy independent power producer procurement programme (REIPPP), which he described as "one of the most successful in the world". The programme has attracted more than R190bn in investment, much of it from large European energy companies. While these companies do have empowerment partners, there has been disquiet in government circles for some time that...
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.