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  
 
 
Jun 10, 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-industry-term|renewable-energy-transactions-industry-term|dipuo-peters
© 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 late last month 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,” she said in her Budget vote speech to Parliament. South Africa will host the seventeenth Conference of the Parties of the United Nations Framework Convention on Climate Change, or COP 17, 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: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other News This Week News
Integrated energy and chemical company Sasol has partnered with Unisa Graduate School of Business Leadership (SBL) professor and founder and CEO of PanAvest Partnership Dr Douglas Boateng to publish a series of books on executive supply chain management aimed at...
Rwanda has joined a number of East African countries seeking to import electricity from Ethiopia as its demand grows. After it became apparent several generation project it is implementing will not come on stream early enough, now plans to import 400 MW from Ethiopia...
More
 
 
Latest News
Swedish Ambassador to South Africa Christian Meuwly will next week inaugurate the final roll-out of the new vertical shaft brick kiln (VSBK) at clay brick manufacturer Langkloof Bricks’ facility in Jeffrey’s Bay. The VSBK formed a part of economic, social and...
Hot on the heels of the launch of Rustenburg’s rapid transport system’s brand name and logo last week, a negotiation framework agreement (NFA) has been formally agreed to and signed by the Rustenburg Local Municipality (RLM) and taxi and bus operators affected by the...
The runway at the George Airport, in the Western Cape, has been rehabilitated to improve safety, in terms of run-off and storm water drainage, and the structural capacity of the pavement surface. The scope of work comprised the extension of Runway 11/29, the...
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
Integrated energy and chemical company Sasol has partnered with Unisa Graduate School of Business Leadership (SBL) professor and founder and CEO of PanAvest Partnership Dr Douglas Boateng to publish a series of books on executive supply chain management aimed at...
MORNÉ DU PLESSIS Increased urgency and burgeoning awareness of the importance of these issues are beginning to change political risks and, thus, State responses to environmental concerns
The World Wide Fund for Nature’s (WWF’s) 2014 Living Planet Index (LPI) indicates that there has been a 52% decline in vertebrate species since 1970. The Index tracked the trends of 10 000 discrete populations of over 3000 vertebrate species between 1970 and 2010.
Rwanda has joined a number of East African countries seeking to import electricity from Ethiopia as its demand grows. After it became apparent several generation project it is implementing will not come on stream early enough, now plans to import 400 MW from Ethiopia...
Metrorail’s first new passenger train will arrive in November next year, says Passenger Rail Agency of South Africa (PRASA) CEO Lucky Montana. “Next year we will be able to put our hands around the infrastructure and equipment we have been talking about for so long.”
The Competition Commission has launched an investigation into what it says are “price fixing, market division and collusive tendering in the market for the manufacture and supply of automotive components to original equipment manufacturers” (OEMs, or vehicle...
 
 
 
 
 
 
 
 
 
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