Jul 12, 2012
MetroWind expects to deliver first power from PE project in 13 monthsBack
Construction|Nelson Mandela Bay|Port|Port Elizabeth|Africa|Energy|MetroWind|MetroWind Community Trust|PROJECT|Projects|Renewable Energy|Renewable-Energy|Africa|South Africa|Electricity Supply Industry|Energy|Energy Developer|Power Generation|Power-generation|Eastern Cape|Mandela Bay|Donald McGillivray|Ian Curry|Power|Zanoxolo Wayile|Eastern Cape|Nelson Mandela Bay
© Reuse this
Located near to Port Elizabeth, the wind farm was expected to generate about 80-million kilowatt hours a year.
The project was named, along with 27 other wind and solar projects, as a preferred development during the first bid window under the Department of Energy’s (DoE’s) Renewable Energy Independent Power Producer Programme (REIPPP).
Following the second bid window, which closed on March 5, the number of preferred projects increased to 47, representing 2 459.4 MW of potential renewables capacity to be introduced into South Africa’s power generation mix between 2014 and 2016.
In total, the DoE is aiming to procure a total of 3 725 MW under the REIPPP, which could stimulate a collective R100-billion-worth of private investment into South Africa’s electricity supply industry.
MetroWind director Ian Curry said construction at the MetroWind Van Stadens Wind Farm site should start during the third quarter of 2012 – Curry is also head of Basil Read Energy, which has a 35% interest in MetroWind.
The project, along with the other first-window REIPPP projects, was expected to reach financial closure during the course of July.
It had already been granted a 20-year generation licence by the National Energy Regulator of South Africa, as well as a special consent approval from the NMBM, signed by mayor Zanoxolo Wayile.
MetroWind Director Donald McGillivray highlighted the fact that the project was 100% South African-owned, with a black economic-empowerment component of 35%.
The MetroWind Community Trust (MCT), established to deliver corporate social investment, also owned a portion of the project. Over and above the dividends, a further 1.5% of yearly revenue would be channeled to MCT from commencement of operations.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Electricity News
Recent Research Reports
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.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
This Week's Magazine
Updated 3 hours ago South African construction company Group Five says work on the rehabilitation of the 800 km stretch of the Plumtree–Mutare highway, in Zimbabwe, should be completed by the end of this year. Giving evidence before the Parliamentary Porfolio Committee on Transport...
Updated 3 hours ago The Space Operations division of the South African National Space Agency (Sansa) revealed on July 17 that it had supported the successful launch of the US National Aeronautics and Space Administration’s Orbiting Carbon Observatory-2 (OCO-2) satellite on July 2. The...
Updated 3 hours ago Phase 1A of Johannesburg’s Rea Vaya bus rapid transit (BRT) system should carry around 42 000 people a day, while it was been expected that Phase 1B, rolled out last year, would add another 60 000 daily passengers. However, the entire system is currently carrying...
Updated 3 hours ago A stormwater project in Bedforview, east of Johannesburg, has stalled for eight months after project managers in the Ekurhuleni municipality resigned and municipal managers were placed on special leave without designating replacements. Construction to reinforce the...
Updated 3 hours ago The design of the Beit Bridge border post is the biggest impediment to efficient freight movement between Zimbabwe and South Africa, says Cross-border Road Transport Agency CEO Sipho Khumalo. Beit Bridge is the busiest border post in Africa. A research study on the...