Eskom finds itself in the unusual position of having to find more customers as additional power from renewable energy companies becomes available to the grid by the end of October. Energy Minister Mmamoloko Kubayi announced on Friday that independent power producers (IPPs) who had been waiting for about two years to sign their power purchase agreements (PPAs) with Eskom will finally do so, on condition that the price of the power is set at 77c per KWh or less. Eskom would only sign Round 3.5 and Round 4 of the agreements because of its over-capacity and could not afford to sign agreements which would cost more than 77c per KWh, the minister said. Khulu Phasiwe, Eskom spokesman , said that the announcement was a "win-win" outcome for IPPs, Eskom and the Department of Energy. Eskom has so far signed 64 PPAs and will sign the remaining 26 agreements with renewable energy companies as per the government's directive by the end of October. Roger Lilley, energy analyst at EE Publishers, sa...
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