Mantashe confident South Africa will have a new energy plan by next week
Minister of Mineral Resources and Energy Gwede Mantashe said on Thursday that he tabled the Integrated Resource Plan (IRP) before a Cabinet committee meeting on Wednesday and that he was confident it would be approved at next week's Cabinet meeting.
Speaking to delegates at the Oil and Power Conference in Cape Town on Thursday morning, Mantashe said once the latest version of the IRP is gazetted, policy certainty would begin to set in for investors in the energy sector.
The IRP describes the state's plan for future energy generation, including projected electricity demand, cost estimates, and from what sources power will be generated. It will outline the state's thinking on the decommissioning of coal power stations, the role of nuclear power, and the growth of renewable energy. It is expected to be based, largely, on a draft plan published for comment in 2018.
However, the document's gazetting has been delayed for years after a failure to strike consensus with industry and labour.
Mantashe said he briefed the Cabinet Committee on the latest version of the document.
"Yesterday we tabled the IRP to the Cabinet Committee. Once we have the IRP in place, I can assure you that we will be able to secure policy certainty. Next week, I am confident that it will be approved then gazetted and we will have investors reassured of our policy framework," said Mantashe.
Mantashe said South Africa, as well as the rest of the African continent, needed to speak with one voice where policy was concerned if it hoped to draw the kind of investment which would bring about growth, development and industrialisation of African nations.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
