27 Aug '14, 3pm

South Africa Seeks to Improve Process for Renewable Energy Deals

South Africa Seeks to Improve Process for Renewable Energy Deals

Johannesburg, South Africa -- South African Energy Minister Tina Joemat-Pettersson said her department wants to address weaknesses in the process of commissioning renewable-power projects. The country is seeking to cut the use of coal for electricity and is adding 3,725 megawatts of renewable-energy capacity by the end of 2016 through five rounds of tenders, three of which have been allocated. That may help state utility Eskom Holdings SOC Ltd. meet demand as it struggles to fund maintenance and expansion in the continent’s biggest economy. “For the next round we want to intervene so that local players do have a fair share” of contracts, the minister, who took charge in May, said today in a panel discussion in Johannesburg. “Obviously we can do nothing about those that have already been decided on.” The department will announce on Nov. 24 preferred bidders in a fourth roun...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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