Government to cut state guarantees for IPPs
The Treasury says the guarantees are unsustainable
13 November 2024 - 16:03
UPDATED 13 November 2024 - 23:30
The Treasury has taken steps to reduce the number of state guarantees extended to independent power producers (IPP) participating in the state-backed renewable energy programme.
By June, this contingent liability amounted to about R300bn, which the Treasury has said is not sustainable and could pose a risk to the country’s credit ratings...
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