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South Africa s energy reforms mark a step change for Africa
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ACWA
Interest from Saudi-based company ACWA, which has made South Africa’s largest renewable energy investment, in the fifth bid window of the Renewable Energy Independent Power Producer Procurement programme is a positive sign for the nation that’s had lengthy delays in a process to procure green power generation. South Africa is also struggling to meet electricity demand with a fleet of poorly maintained coal stations, leading to outages that have curbed economic activity.
The next auction, to procure 1 600 MW of wind power and 1 000 MW of solar capacity, is expected to reach financial close by March 2022 and connect to the grid by April 2024, the Department of Mineral Resources and Energy said Wednesday.
Mantashe: ‘We must not allow scavengers to eat the energy sector’
The minister of mineral resources and energy, Gwede Mantashe, has urged the government to be vigilant about corrupt people getting into the energy sector.
“The energy space is very attractive to people who want to make a quick buck. We must not allow scavengers to come and eat quickly in the sector. We need people who understand the sector very well and who have long term interests in developing it,” he said.
Mantashe was speaking to the parliamentary portfolio committee on mineral resources and energy on Tuesday.
“We are inviting all mining companies that want to test their capacity to self-generate electricity, to do so. This will ease the reliance on Eskom. Self-generation is allowed and it is facilitated as long as the necessary processes are followed.”