https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

Long-delayed renewables IPP agreements to be signed on Wednesday

Close

Embed Video

Long-delayed renewables IPP agreements to be signed on Wednesday

Energy Minister Jeff Radebe
Energy Minister Jeff Radebe

3rd April 2018

By: Terence Creamer
Creamer Media Editor

ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Energy Minister Jeff Radebe announced on Tuesday that agreements for 27 renewable-energy independent power producer (IPP) projects, which have been delayed since 2016, will be signed on Wednesday, April 4.

The projects have a collective investment value of R55.92-billion.

Advertisement

The Department of Energy (DoE) said the agreements would include the power purchase agreements (PPAs) with Eskom.

The department said the "milestone" had been reached following a long period of uncertainty, which arose initially after Eskom indicted in early 2016 that it was unwilling to enter into new PPAs with renewables IPPs, having returned to a surplus operating position.

Advertisement

The uncertainty was then extended further after the National Union of Metalworkers of South Africa and Transform RSA sought an urgent interdict to prevent the PPAs from being signed on the basis that the projects would precipitate a loss of coal-sector jobs.

However, the case was dismissed on March 29 by High Court Judge Dawie Fourie, who ruled that the application was not urgent and struck the case off the roll, with costs.

"With this important milestone government re-confirms its commitment not only to renewable energy, but also to a solid partnership with the private sector as it pursues energy’s core position in the South African economy," the DoE said.

The department added that the signing would bring much needed policy and regulatory certainly and maintain South Africa`s position as an energy investment destination of choice.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za