“The purpose of the discussions was to identify initiatives where the parties can collaborate and plant the seeds of opportunity to leverage private sector investment capacity and harvest the low-hanging fruit in the electricity industry,” said Eskom CEO Andre de Ruyter.
He called on company leaders to coordinate efforts towards supporting the strategy by pursuing opportunities to make investments and realise savings benefits from the electricity industry reforms, as announced by president Cyril Ramaphosa. The state scrapped a 100 megawatt limit on plants, allowing companies to build power plants of any size without a license to meet their own needs and to sell it to the grid.A move that will accelerate the country’s shift from a dependence on coal for more than 80% of its power toward the use of the nation’s abundant wind and solar resources, Bloomberg said.
Contribute to the development and alignment of enabling policies related to the Fiscus and environment, energy, and industrial sectors
Great news to see some real action..