http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.90Change: -0.17
R/$ = 13.23Change: -0.09
Au 1126.82 $/ozChange: 2.75
Pt 1005.00 $/ozChange: -4.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 22, 2012

DBSA approves R9.6bn for renewable-energy projects

Back
Africa|Environment|PROJECT|Projects|Renewable Energy|Renewable-Energy|The Development Bank Of Southern Africa|Africa|Development Finance Institution|Energy|Energy Projects|Investments|Power Generation|Power-generation|Transmission Infrastructure|Wind Energy|Wind Energy Project|Environmental|Infrastructure|Nchocho|Power|R9|South Africa|Southern Africa
Africa|Environment|PROJECT|Projects|Renewable Energy|Renewable-Energy||Africa|Energy|Power Generation|Power-generation|Wind Energy||Environmental|Infrastructure|Power||
africa-company|environment|project|projects|renewable-energy|renewable-energy-company|the-development-bank-of-southern-africa|africa|development-finance-institution|energy|energy-projects|investments-industry-term|power-generation|power-generation-industry-term|transmission-infrastructure|wind-energy|wind-energy-project|environmental|infrastructure|nchocho|power|r9-product|south-africa-region|southern-africa-region
© Reuse this

The Development Bank of Southern Africa (DBSA) has approved loans amounting to R9.6-billion for 14 renewable-energy projects with a combined capacity of 896.5 MW, the development finance institution reported on Monday.

These projects, which form part of the 28 successful preferred bidders of the first bid window for the Renewable Energy Independent Power Producers Programme (REIPPP), were solar focused, with the exception of one wind energy project.

The DBSA approved loans for: De Aar solar photovoltaic (PV) (48.3 MW), Droogfontein solar PV (48.3 MW), Abengoa KaXu concentrated solar power (CSP)(100 MW), Jeffrey’s Bay wind project (133.9 MW), Bokpoort CSP (75 MW), Abengoa Khi CSP (50 MW), Herbert solar PV (20 MW), Scatec solar PV (75 MW), Greefspan solar PV (10 MW), Lesedi solar PV (75 MW), Letsatsi solar PV (75 MW), Touwsrivier CSP (36 MW), Kathu solar PV (75 MW) and Kalahari CSP (75 MW).

The 896.5 MW of capacity represents about 24% of the 3 725 MW South Africa is procuring under the REIPPP.

DBSA investments group executive TP Nchocho said the DBSA believed its investment in the local power generation and transmission infrastructure would stimulate the development of the so-called green economy, which was a key government priority in creating jobs.

Further, he pointed out that these projects were subjected to the bank’s environmental appraisal guidelines to ascertain their impact towards the environment.

“After a thorough environmental analysis conducted on these projects, we are confident that investment in the solar energy programme would have less adverse impact on climate change and the environment”, Nchocho added.

 

 

 

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Renewable Energy News
The Zimbabwe Power Company (ZPC) will cut electricity generation by a third to 475 MW at the Kariba hydropower plant due to low water levels, the company said on Thursday, likely worsening daily power cuts. Kariba produces half of Zimbabwe's electricity. The cut back...
Article contains comments
New Ministerial determinations creating the framework for the procurement of additional renewable-energy, gas and cogeneration capacity from independent power producers (IPPs) have been published in the Government Gazette. The determinations are in line with...
WIND TURBINES The 134.4 MW plant will consist of 56 N117/2400 Nordex turbines and will have a capacity factor of 35%
Cleaner energy company Cennergi’s Amakhala Emoyeni Wind Farm, in the Eastern Cape, is set for commercial operation in June 2016, with the first shipment of wind turbines having arrived in May at Coega Bay, in Port Elizabeth.
Article contains comments
Article contains comments
More
 
 
Latest News
Updated 2 hours 13 minutes ago The first applications for protection on several steel products were approved on Friday, with Trade and Industry Minister Dr Rob Davies confirming that duties across eight tariff subheadings would be increased to the World Trade Organisation bound rate of 10%....
Updated 2 hours 22 minutes ago How and when mobile networks expire consumers’ unused data is coming under the spotlight again in South Africa. This is according to the spokesperson of the National Consumer Commission (NCC) Trevor Hattingh.
National Planning Secretary Tshediso Matona
Updated 2 hours 46 minutes ago Cabinet has appointed former Eskom CE and Public Enterprises director-general Tshediso Matona as Secretary for National Planning in the Department of Planning, Monitoring and Evaluation (DPME). The DPME, headed by Minister in the Presidency Jeff Radebe and Deputy...
More
 
 
Recent Research Reports
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Updated 5 hours ago Training company The Intelligence Transfer Centre will host the fourth yearly Environmental Crimes Conference at the Indaba Hotel, in Fourways, Johannesburg between September 9 and 10. Confirmed key regulatory bodies that will attend the event include the Department...
The government of Egypt has said it is ready to provide technical assistance to Malawi in the development of the Shire–Zambezi waterway, which is designed to link landlocked Malawi to the Indian Ocean by opening the two rivers for navigation. Egyptian ambassador to...
Kenya is finally set to start building a new multipurpose petroleum pipeline, after securing a $350-loan from a consortium of banks, including South Africa's Rand Merchant Bank. The other banks in the consortium are the Cooperative Bank of Kenya, Citibank's Kenya...
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Ford’s newest offering in a long list of newcomers to the local market in the last two years is the B-Max multi-activity vehicle (MAV). The B-Max will play in the so called B-MAV segment, or the small MAV segment, currently dominated by Toyota’s Avanza, which sells...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96