Supply of solar power allows reduced rates
Chairperson of the Solar Capital and the Independent Power Producers Procurement (IPPP) Paschal Phelan says South Africa is in the forefront of the development of Solar Energy.
“We have the fifth largest plant with the United States having three,” says Phelan.
Speaking on Morning Live Phelan says one of the major challenges is that if you look at the balance sheet of Eskom in terms of its own coal, you will see that all the coal power plants have been written off.
“South Africa has been used to low cost energy from old coal plants, over the past 10 to 15 years,” says Phelan.
This comes after the Budget Speech on the 24th of February 2016 the finance minister, Pravin Gordhan, said that the Department of Energy’s (DoE) IPPP will be extended to include coal and gas power projects.
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