19 January 2017
Johannesburg – Deputy President Cyril Ramaphosa boasted at the World Economic Forum (WEF) about South Africa’s renewable energy independent power producer procurement programme as renewable energy companies prepared for a court battle with Eskom to protect their R58 billion investment.
The looming court battle stems from Eskom’s alleged reluctance to sign power purchase agreements with 37 independent power producers (IPPs). The South African Renewable Energy Council (Sarec) said Eskom’s stance put investments of about R58 billion at risk. Eskom is the designated buyer of the power from IPPs. Read more here…