http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.22Change: -0.23
R/$ = 11.16Change: -0.09
Au 1240.10 $/ozChange: -4.17
Pt 1243.50 $/ozChange: -18.70
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
May 26, 2011

First Refit capacity to be procured by year-end, Peters asserts

Back
DURBAN|Africa|Eskom|PROJECT|Projects|Renewable Energy|Renewable-Energy|Africa|South Africa|COP|Energy|Renewable Energy Feed-in Tariff|Renewable Energy Transactions|Dipuo Peters
|Africa|Eskom|PROJECT|Projects|Renewable Energy|Renewable-Energy|Africa|||Energy||
durban|africa-company|eskom|project|projects|renewable-energy|renewable-energy-company|africa|south-africa|cop-currency|energy|renewable-energy-feed-in-tariff|renewable-energy-transactions|dipuo-peters
More Insight
© Reuse this



Despite the National Energy Regulator of South Africa’s (Nersa’s) announcement this week that the outcome of its renewable energy feed-in tariff (Refit) review would be delayed until mid-June, Energy Minister Dipuo Peters told lawmakers on Thursday that the procurement programme should begin before the end of June and that transactions for the first 1 000 MW of Refit capacity should be concluded by year-end.

“We hope to conclude at least 1 000 MW of renewable energy transactions by December this year, in time for showcasing as we host COP 17 in Durban,” she said in her Budget vote speech to Parliament. South Africa will host the 17th Conference of the Parties of the United Nations Framework Convention on Climate Change, or COP17, in Durban from November 28 to December 9.

“Apart from the showcasing, this programme is aligned to the New Growth Path and will substantially contribute to President [Jacob] Zuma’s vision on job creation.”

However, Nersa’s proposed reduction of the Refit rates had caused some concern among potential renewables project developers, with some warning that projects could be made marginal by the cuts.

But during the media briefing ahead of Peters’ speech, Department of Energy officials argued that Nersa’s review was in line with its policy for yearly reassessments of the rates, while the proposed cuts were reflective of changes that had taken place globally with regard to the capital on operating costs for wind and solar projects.

Officials also indicated that the appetite for the first 1 000 MW under Refit had been extremely strong and that there should still be sufficient uptake under a revised regime.

When asked to clarify the future procurement process, the department said that Eskom would be the ultimate buyer, while Nersa would govern the process and its timing.

After the next Nersa board meeting at the end of May, a final decision would be made on how the Refit procurement process would proceed. The department said it was hopeful that the programme would be in a position to be launched by June.

What was somewhat unclear was whether government might favour a competitive bidding process for the first round. Developers have warned that such an approach, which was likely to find support in the early stages, might lower the overall appetite for the South African renewables market in the longer term.

Edited by: Terence Creamer
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Electricity News
Public Enterprises Minister Lynne Brown
Public Enterprises Minister Lynne Brown has released details of the remuneration of the chairpersons and nonexecutive directors of the various State-owned company boards falling under her Ministry. The remuneration figures, which are attached, are based on figures...
Installed wind power capacity could swell by 530% to 2,000 gigawatts (GW) by 2030, supplying up to 19% of global electricity, a report from a trade association and Greenpeace said on Tuesday. It said installed wind energy capacity totalled 318 GW at the end of last...
Article contains comments
Article contains comments
More
 
 
Latest News
Updated 34 minutes ago Global crude steel output in September, at 134.4-million tonnes, was marginally lower than the 134.5-million tonnes produced in September 2013. According to the World Steel Association (worldsteel), China produced 67.5-million tonnes of crude steel in September,...
Updated 3 hours ago Stand a chance to win a CAT Phone.  Subscribe to Engineering News & Mining Weekly at a 30% discounted rate. The weekly print magazines will be posted to your preferred postal address. Also gain online access to: Project Browser - providing an overview of latest...
The Cape Town International Convention Centre (CTICC) has outperformed its targets over the past financial year and contributed R3.1-billion to the gross domestic product in the 2013/14 financial year. CTICC CEO Julie-May Ellingson said the convention centre had been...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
IAN EVANS AirWatch file synchronisation and sharing system was initially designed for a large airline company
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...
 
 
 
 
 
 
 
 
 
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