Loading...
See More

Bids for independent power under way

Aug 31 2011 13:36 Sapa

Related Articles

Supply tight as Eskom battles wet coal

SA to subsidise green energy

Anglo: SA needs more private power

SA forges ahead with new energy plan

Group Five mulls R20bn IPP sector

IPPs key to SA growth

 

Pretoria - Bidding by independent power producers to help supply the country with electricity is under way, as the government moves to increase its use of renewable energy.

There has been an enthusiastic response from potential bidders since the energy department started accepting proposals on August 3, its acting director general Ompi Aphane said on Wednesday.

The target is to have 3 725 megawatts of renewable energy by 2016.

Producers of renewable energy would help create jobs, particularly in rural areas. Aphane said this, including a rural development strategy and socioeconomic benefits, forms part of a scorecard to determine the successful bidder.

So far, there are 270 registered bidders.

Eskom is to act as the buyer of the renewable energy. Allowing it to bid would amount to indirectly funding it, director general Nelisiwe Magubane said.

"We didn't allow them to bid... We want to see some foreign direct investment. We wanted a pool of independent power producers."

 
eskom  |  renewable energy  |  electricity  |  ipps
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...