CAPE TOWN -
The signed lease agreements with the independent power producers will run for a 25 to 30-year period. Once operational, the projects will contribute around 2,000 megawatts to the national electricity grid. “What makes this different is that unlike the bidding process that was run by the IPP office, there is no requirement for Eskom to sign a power purchase agreement. So, there is no onus obligation, there is no price negotiation, this is the beginning of an electricity market which was enabled by the president’s announcement on 25 July 2022.”
#GreenEnergy State power company, Eskom, is giving an update on the utilitys lease agreements signed with 4 independent power producers. KB pic.twitter.com/ysA9cEB7aD
While we are being loadshed on a Friday afternoon