Independent power producers commit R120bn to national power grid
Author: WYNDHAM HARTLEY
THE renewable energy sector has committed investments totalling R120bn over three bid windows to add power to the national grid, the Department of Trade and Industry reported to Parliament on Tuesday.
A delegation led by Trade and Industry Minister Rob Davies told the trade and industry committee that “green industries in the Renewable Energy Independent Power Producer Procurement Programme had in the years following its launch in 2011 to date awarded 4,944MW to 64 projects”.
Director-general Lionel October said “over the three bid windows the renewable energy sector has committed investments totalling R120bn, of which R39bn was committed to local content”, adding that the department had strengthened the local content requirement with every successive bidding round scaling up thresholds and targets.
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