News

Eskom, State in search for funds to resume IPP contracts, saving schemes

Engineering News ONLINE

25 February 2014

State-owned electricity producer Eskom and government are assessing ways to secure the financial resources necessary to enable the utility to resume power-saving schemes, as well as to contract with those municipalities and independent power producers (IPPs) able to supply electricity into South Africa’s power-stressed grid in the short term.

Eskom controversially ended short-term purchases with a number of IPPs in December, having failed to secure funding for ongoing purchases in the third multiyear price determination, or MYPD3, which was sanctioned by the National Energy Regulator of South Africa in February 2013.  Read more…

Share This Post

Leave a Reply

Lost Password

Register