BUSISIWE MAVUSO: Pushing back financial close for renewable energy bids is fatal
08 May 2022 - 16:05
The postponements to the financial close of the fifth bid window renewable energy projects are terrifying — SA cannot afford to suffer further delays to getting new energy on grid.
The original date was end-April, but on April 28 the independent power producers office extended the deadline to end-July for 14 projects, and end-September for the remaining 11, with most of the independent power producers (IPPs) not being ready for financial close...
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