Jun 07, 2012
Nersa approves 28 renewables licences as financial close deadline nearsBack
Africa|Engineering|Eskom|Power|Projects|Renewable Energy|Renewable-Energy|Solar|Africa|South Africa|Energy|Power Generation|Power-generation|Dipuo Peters|Eastern Cape|Limpopo|Northern Cape|Western Cape
The licences are a key condition to enable bidders to reach financial closure by the June 19 deadline set under the REIPPP. But besides securing a licence, developers also need to conclude power purchase and connection agreements with Eskom, as well as implementation agreements with the Department of Energy.
Through the REIPPP, government is seeking to procure 3 725 MW of capacity, to be introduced into South Africa’s power generation mix between 2014 and 2016.
On December 7, Energy Minister Dipuo Peters named 18 solar photovoltaic projects, representing 631.53 MW of capacity, two concentrated solar power projects, with a combined capacity of 150 MW, and eight onshore wind developments, representing 633.9 MW, as preferred bidders.
In all, the projects represented a potential capacity of 1 415.52 MW, leaving 2 309.48 MW still to be allocated, 100 MW of which had been set aside for small-scale projects of less than 5 MW.
Subsequently, 19 additional projects, collectively representing 1 043.9 MW, were also named as preferred bidders by Peters in May, following the second-bid-window evaluation, which took place between March 5 and May 21.
The 47 preferred bids, which represented some 2 459.4 MW of renewables capacity, were expected to collectively invest some R70-billion to develop their projects.
However, Peters recently expressed concern that not all of the window-one projects would be in a position to meet the mid-June financial-closure deadline.
The licensing process for the first 28 projects was completed in April, which Nersa said was a month earlier than had been targeted.
The process included a series of public hearings, which were conducted in the Western Cape, Eastern Cape, Northern Cape and Limpopo provinces between March 1 and March 8.
“All 28 applications met the required criteria, which include technical, financial, economic, regulatory and legal requirements,” Nersa said.
The regulator told Engineering News Online that it had not yet received licence applications from the second-bid-window preferred bidders. But public hearings would be scheduled once these applications had been received.
Edited by: Creamer Media Reporter
To subscribe email firstname.lastname@example.org or click here
To advertise email email@example.com or click here
Other Construction News
Investment holding company RMB Holdings (RMH) plans to create a property investment business and is acquiring a 25.01% interest in property group Atterbury. The only remaining outstanding condition to the acquisition was approval by the competition authorities.
Updated 9 minutes ago Postal services in South Africa risk being disrupted later this week as a union says nationwide strike action is going ahead. The Communication Workers Union (CWU) last week threatened to strike on May 5-6 to demand higher annual pay rises for South African Post...
Updated 22 minutes ago South Africa's Public Investment Corporation (PIC) would invest R70-billion ($5-billion) over the next three to five years to help stimulate economic growth and job creation, Deputy Finance Minister Mcebisi Jonas said on Wednesday. The PIC, which manages South...
Updated 28 minutes ago The Organisation Undoing Tax Abuse (Outa) has said it doubts claims by road authorities that 300 000 people had taken up the etoll discount dispensation of 60%. Chairman of Outa, Wayne Duvenage, said: “Anything short of R2.5-billion collected or committed for...
Recent Research Reports
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...