Green energy bid targets black business
SA plans to invite bidders for additional renewable power projects amounting to R50bn of investment, which will help stimulate local and black-owned business. These will be in addition to the 27 projects signed recently, which are expected to result in investments of about R56bn over the next few years. The fifth bid window for 1,800MW of renewable projects under the government’s independent power producers programme will start in November, according to Energy Minister Jeff Radebe, who delivered a speech at a conference in Johannesburg on Friday.
“The intention is to enhance local manufacturing to ensure investment and economic growth as well as the opportunity to encourage opportunities for black industrialists and the development of black independent power producers,” he said. Under President Cyril Ramaphosa, who is leading a drive to attract $100bn of investment in the next five years, Radebe revived the national renewable energy programme that was once the fastest growing ...
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.