Photo by: Megan van Wyngaardt
Dual-listed power plant developer Independent Power South Africa (Ipsa) has, through its Newastle Cogeneration (NewCogen) subsidiary, signed an extension of its 2011 medium-term power purchase programme with State-owned Eskom.
NewCogen is contracted to generate 14.3 MW for sale to Eskom.
The extension, which was valid for a year, could be extended for two subsequent periods of two years each, provided that Eskom received the necessary regulatory approvals.
"We are pleased that the power purchase agreement extension has been signed and the plant is able to continue [operating]. With this behind us, we plan to resume our expansion programme,” Ipsa acting CEO Peter Earl said.