Sep 10, 2012
DoE confirms new renewables bid schedule after window-one delaysBack
Africa|Eskom|Projects|Renewable Energy|Renewable-Energy|Resources|Africa|South Africa|Energy|Power
© Reuse this
It has also revised the financial-close schedule of the 19 second-round preferred bidders to between March 18 and 28, 2013, from an initial date of December 2012.
In a note to bidders, the DoE outlined a new third-window submission date of May 7, 2013, having previously indicated that it intended sticking with the October 1, 2012, deadline – this, notwithstanding the fact that the window-one projects had not closed in June as initially scheduled.
The DoE indicated that the postponements followed representations from bidders, which were currently focused on the window-one and -two financial-close processes.
The department had been unable to move to financial close on the window-one projects in June, owing primarily to internal authorisation processes within government, including the firming up of government guarantees for Eskom, which would be the buyer of the power over a 20-year horizon.
It gave no indication as to when these projects would close, some bidders having indicated that the process could be concluded by the end of September.
In a statement, the DoE stressed that it had finalised all the necessary approvals required to enter into the implementation agreements with the preferred bidders.
“The government-support framework has been concluded, giving assurance to Eskom that government will support Eskom in relation to the financial implication resulting from signing of the power purchase agreement,” the department said.
It also acknowledged that the approvals processes had taken longer than anticipated and apologised to those inconvenienced by the decision to delay the process.
“Given the limited resources, it is imperative for the department to give more attention to financial close for windows one and two,” the DoE said, adding that it remained committed to closing window-one projects despite the delays.
Besides focus on financial closure for the first 47 projects, the DoE would also use the extension to update the request for proposals, and finalise the new determination for additional capacity.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Electricity News
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...