https://www.engineeringnews.co.za
Africa|Energy|generation|Industrial|Power|Projects|Resources|Solar|Operations
Africa|Energy|generation|Industrial|Power|Projects|Resources|Solar|Operations
africa|energy|generation|industrial|power|projects|resources|solar|operations

DBSA is working on transmission auction office

Transmission lines

Photo by Bloomberg

24th May 2024

By: Bloomberg

  

Font size: - +

The Development Bank of Southern Africa (DBSA) is negotiating with government ministries to establish an office that will manage auctions of transmission projects, a senior official at the state-owned institution said.

The bank wants to build on its creation of the Independent Power Producer Office, which it handed over to the Department of Mineral Resources and Energy, that’s helped to realize utility-scale wind and solar projects, Michael Hillary, the DBSA’s group executive for financing operations, said in an interview.

The office to bring in private funding to connect renewable generation throughout South Africa’s transmission grid “needs to be signed off by the different parties within government,” he said, without giving a timeline to complete the step.

Electricity Minister Kgosientsho Ramokgopa in January was reported to have said such an office would either be created by the DBSA or the Industrial Development Corp., another state development bank.

A decision on whether the office will offer so-called build-operate-transfer, build-transfer or other types of arrangements is yet to be decided, he said.

Edited by Bloomberg

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine image
Magazine round up | 12 July 2024
12th July 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.31 0.364s - 172pq - 2rq
Subscribe Now