R/€ = 15.39Change: 0.16
R/$ = 13.75Change: 0.03
Au 1138.00 $/ozChange: 1.55
Pt 910.00 $/ozChange: 4.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

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 About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Sep 10, 2012

DoE confirms new renewables bid schedule after window-one delays

Africa|Eskom|Projects|Renewable Energy|Renewable-Energy|Resources|Africa|South Africa|Energy|Power
Africa|Eskom|Projects|Renewable Energy|Renewable-Energy|Resources|Africa||Energy|Power
© Reuse this

Following delays to achieving financial close on the first 28 wind and solar projects, which advanced to the preferred-bidder stage in December last year under South Africa’s Renewable Energy Independent Power Producer Programme (REIPPP), the Department of Energy (DoE) has confirmed a postponement to the third bid submission date.

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 Construction News
  JSE-listed property company Emira has appointed chartered accountant Greg Booyens as CFO, effective January 1, 2016.
DROVISION GOGGLES. Magnet has added personal protective equipment to its product range
Electrical solutions consultant Magnet was appointed Southern African distributor for Dromex personal protection equipment (PPE) in April this year. MD Brian Howarth said that Magnet had recognised an urgent need in the electricity industry for increased safety for...
DUAL BIOMETRICS SCANNER Black Ginger 48 has introduced biometric scanners at its on-site stores
Personal protective equipment (PPE) manufacturer and distributor Black Ginger 48 has implemented facial recognition technology at two of its clients’ on-site stores to counter identity fraud and reduce theft. Black Ginger 48 GM Jevan Malan tells Engineering News that...
Latest News
In the boom times when the price of gold was soaring, Ebenezer Sam-Onuawonto had a dream job and a dollar salary many times the national average in this mining town in southwestern Ghana. When the price fell, he lost his job as human resources chief at a mining...
Property developer Balwin Properties aims to raise between R713-million and R1.6-billion ahead of its listing on the real estate holding and development sector of the JSE on October 15. It would use the funds to settle existing debt facilities and fund future...
The information and communications technology (ICT) in education leg of Operation Phakisa has been launched to transform the basic education sector and leverage ICTs to strengthen teaching, learning and administration of the education system. The Operation Phakisa...
Recent Research Reports
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 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 infrastructure and network, the funding and maintenance of these respective networks, and...
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.
This Week's Magazine
Energy analyst and EE Publishers MD Chris Yelland warned recently against excessive optimism regarding timescales for the proposed construction of new nuclear power plants (NPPs) in South Africa. He was speaking at a Nuclear Roundtable in Johannesburg. “I think we...
Malawi’s Lilongwe Water Board (LWB) is inviting eligible bidders to prequalify for the board’s efficiency improvement works, which will be implemented as part of the E24-million Lilongwe Water Resources Efficiency Programme.   LWB CEO Alfonso Chikuni explains that...
CROATIA, AN EU MEMBER BUT NOT A TDCA MEMBER On July 1, 2013, Croatia officially became the twenty-eighth member of the European Union (EU). Despite Croatia’s accession into the EU, it is yet to become party to the Trade, Development and Cooperation Agreement (TDCA)...
The Council for Scientific and Industrial Research (CSIR) has announced that its new Inundu airborne electronics testing, evaluation and training pod had made its first test flight on September 10. The successful flight was undertaken from Lanseria International...
The Development Bank of Southern Africa (DBSA) – which disbursed a record R13-billion during 2015, from R12.7-billion in the prior year – remained optimistic that it could ramp-up loan disbursements to R25-billion a year by 2018 as it sought to give greater emphasis...
Alert Close
Embed Code Close
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
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