Energy Council of South Africa says the country needs to invest R2 trillion in the electricity sector over the next decade. ECSA was briefing Parliament’s Electricity and Energy committee.
ECSA and the Independent Power Producers Office were among the stakeholders that updated the Committee on the progress made on the energy front. CEO of the Energy Council of South Africa, James Mackay says, “We need to invest over R2 trillion in new energy assets in the electricity sector over the next ten years. Just anecdotally, I would say that traditional or historic government spending in the energy space would be about 25%, maybe less. One can see there will be a heavy reliance on the bankability of investor confidence in private sector investment.
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