Black-led energy investment firm encouraged by moves to restore IPP policy certainty

World News: . []

The head of a black-managed and led JSE-listed energy investment company says he is encouraged by the framework outlined by Finance Minister Malusi Gigaba for re-establishing policy certainty for the electricity sector and for independent power producers (IPPs). IPPs have been left in limbo since early 2016 when Eskom indicated that it would no longer sign new power purchase agreements for projects procured by government in 2015. As a result, 38 solar and wind projects with a collective investment value of nearly R60-billion have been left undeveloped, while the future of South Africa’s much-vaunted Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has been thrown into doubt.

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