SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

IPP News

Canada Canada Latest News,Canada Canada Headlines

South Africa has seen R272 billion investments from independent Power Producer Programme since 2011.

The programme was first announced 13 years ago as part of the country’s energy mix and has seen 95 renewable energy projects rolled out and thousands of jobs created.

South Africa has been rolling out bid windows for renewable energy projects for 13 years as part of greening the country’s electricity generation. The country has also seen over 200 days of no-load shedding and the minister says this can partly be attributed to renewable energy generation with areas of potential capacity identified including in the KwaZulu-Natal province.

“On the failed projects, the process that we’ve taken, we’ve essentially gone through a process of getting representations from the bidders to enable us to then terminate. We have terminated all the preferred bidders that did not achieve commercial close under bid window 5 and with those we are going through process of calling the bid guarantees associated with that unfortunately.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in CA

Canada Canada Latest News, Canada Canada Headlines