Share

Govt sticking to guns on IPP programme

Cape Town - Government hasn’t changed its position on the Independent Power Producer’s (IPP) programme, as it is one of the best in the world and has attracted considerable investment from the private sector, said Jeff Radebe, minister in the presidency responsible for planning, monitoring and evaluation, at a media briefing on Monday.

“There is no way that we will change course (on the IPP programme) mid-stream. We’re going ahead,” Radebe said in a response to a request during question time to clarify the government’s position on the matter.

Radebe reiterated energy minister Tina Joemat Pettersson’s assertion earlier that renewable energy and IPP projects remain part of South Africa’s energy mix. Her comments were made following Eskom CEO Brian Molefe’s utterances, questioning the effectiveness of renewables as a panacea to South Africa’s energy requirements as a developing nation.

This comes as Eskom recently refrained from signing any more Independent Power Producer contracts, after the current round of contracts was finalised.

Radebe said during Monday’s post-cabinet media briefing that the department of energy will complete the long-awaited Integrated Energy Plan and Integrated Resource Plan for electricity by the end of this year that will provide certainty on electricity pricing and investment in the area of electricity generation. 

Read Fin24's top stories trending on Twitter:

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.06
-0.8%
Rand - Pound
24.04
-0.6%
Rand - Euro
20.55
-0.4%
Rand - Aus dollar
12.37
-0.2%
Rand - Yen
0.13
-0.8%
Platinum
901.20
+0.5%
Palladium
997.97
-0.4%
Gold
2,200.01
+0.2%
Silver
24.52
-0.5%
Brent Crude
86.09
-0.2%
Top 40
68,001
+0.5%
All Share
74,204
+0.4%
Resource 10
56,476
+1.5%
Industrial 25
103,644
+0.4%
Financial 15
16,491
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders