The department of mineral resources & energy has pushed back the deadline for the closure of financial agreements for the winning bidders of its emergency power procurement programme for the fifth time, to May.

The extension of the deadline for financial close — which refers to, among other things, the conclusion of financial agreements that ensure the winning bidders have the required financial capabilities to execute the projects — means the government’s plans to ease the country’s electricity shortages by having the projects operational from the initial date of August this year have been pushed back by a further 12 months...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.