The City of Cape Town has announced a R16.4 billion draft budget, largely to drive renewable energy generation in the city.
In a statement, the city says almost R40 million has been earmarked to help curb and prevent vandalism. It adds that R15 million has been set aside to pay for energy generated by small-scale embedded generators through the feed-in tariff of 75.51 c/kWh and the 25c/kWh incentive offered for small-scale embedded generators.
“Our multibillion-rand budget is very clearly being directed towards the city and mayor’s commitment to end load-shedding over time by bringing on board independent producers, self-generation and developing our small-scale embedded generation market,” says councillor Beverley van Reenen, mayoral committee member for energy.