http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.95Change: -0.03
R/$ = 12.72Change: -0.06
Au 1092.68 $/ozChange: -2.50
Pt 977.00 $/ozChange: -5.00
 
 
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  
 
 
Jul 19, 2012

Deadline for closure of first 28 renewables bids extended to meet developers 'halfway'

Back
Africa|Projects|Renewable Energy|Renewable-Energy|Africa|South Africa|Energy|Power Generation|Power-generation|Renewable Energy Projects|Environmental|Dipuo Peters|Jacob Zuma|Power
Africa|Projects|Renewable Energy|Renewable-Energy|Africa||Energy|Power Generation|Power-generation||Environmental|Power
africa-company|projects|renewable-energy|renewable-energy-company|africa|south-africa|energy|power-generation|power-generation-industry-term|renewable-energy-projects|environmental|dipuo-peters|jacob-zuma|power
© Reuse this



South Africa’s Energy Minister Dipuo Peters officially confirmed on Thursday that the deadline for the financial closure of the first 28 renewable energy projects named as preferred bids in December had been extended until the end of July.

The deadline had originally been set for June 19, but the Department of Energy (DoE) decided to extend the deadline for the signing of the implementation, connection and power purchase agreements in an effort to assist bidders struggling to finalise outstanding bid commitments.

Peters described the Renewable Energy Independent Power Producer Programme (REIPPP) as a “pioneer” process globally and indicated that the decision to extend the timeframe had been informed by President Jacob Zuma’s appeal to government departments to alleviate constraints on businesses seeking to invest.

The process had involved a “learning curve for all of us” and the DoE was prepared to “meet developers halfway to ensure that the investments take place”.

She indicated that some bidders were battling to meet the “stringent” requirements of financial institutions, while others were dealing with environmental appeals processes, or working on ways to meet the jobs, local content and community development commitments outlined in their bids.

It was important to ensure that as many of the 28 projects licenced by the National Energy Regulator of South Africa (Nersa) as possible moved towards implementation to bolster confidence in the REIPPP process.

“This window must give us the requisite result to convince ourselves, to convince industry and to convince South Africans that this is the route to go,” Peters said.

Through the REIPPP, government was seeking to procure 3 725 MW of capacity, to be introduced into South Africa’s power generation mix between 2014 and 2016.

On December 7, Peters named 18 solar photovoltaic projects, representing 631.53 MW of capacity, two concentrated solar power projects, with a combined capacity of 150 MW, and eight onshore wind developments, representing 633.9 MW, as the first preferred bidders.

Subsequently, 19 additional projects, collectively representing 1 043.9 MW, were named in May, following the second-bid-window evaluation, which took place between March 5 and May 21.

The 47 preferred bids, which represented some 2 459.4 MW of renewables capacity, were expected to collectively invest some R70-billion to develop their projects.

However, Peters said that any capacity not taken up by the first 28 bidders would have to be included during window three, which was initially scheduled for August, but which was likely to be delayed as a result of the first-window schedule change.

She also indicated that the financial close deadline for the 19 second-window projects, which was initially set down for December 13, would probably be moved into the new year.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Renewable Energy News
A “record” $700-million in guarantees has been secured from the World Bank for Ghana’s Sankofa gas project to advance the West African nation’s energy transformation. The World Bank approved a $500-million International Development Association payment guarantee to...
KIERAN WHYTE The renewable energy independent power producer procurement programme has proven to be a “hugely successful” South African business model
The South African Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has proven to be so successful in South Africa that the same model could be replicated across Africa, especially amid the current drive towards using cleaner sources of...
Article contains comments
South Africa’s Solar Water Heating Manufacturers Cluster of South Africa (SWH-Mancosa) is taking active steps to reinvigorate the solar-geyser sector, which has been left in a “precarious” position following the termination of the Eskom rebate programme in April and...
Article contains comments
Article contains comments
More
 
 
Latest News
Updated 10 minutes ago Perched on the muddy bank of a river meandering through rolling green hills, the Lemurs' Park near Madagascar's capital is rated one of the city's top attractions, but you would not know it from the number of visitors. On a Saturday in what is meant to be high...
Updated 25 minutes ago Eastern Trading, the controlling shareholder of AH-Vest, known as All Joy Foods, has acquired Winplas Packaging to add to the larger group’s backward integrated model of producing its own cans and tomato paste. The company stated on Monday that it had bought Winplas,...
An Airbus A340-600 of SAA
Updated 1 hour 42 minutes ago South African Airways (SAA) started its new route between Johannesburg and Washington DC via Accra, Ghana, on Sunday. The inaugural flight carried Ghanaian Transportation Minister Dzifa Aku Attivor, as well as other dignitaries, on the Accra-Washington leg and was...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Road and Rail 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
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
LIONEL MOYAL Cloud services providers must compete against other cloud services providers for business by providing up-to-date systems and services
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
ARMANDÉ KRUGER Balancing the collection and processing of data must be aligned to strategy
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...
 
 
 
 
 
 
 
 
 
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