His approval last year of purchase contracts with independent power producers ‘signalled government’s determination to transformation.’
The investment, which is estimated to cost about R56 billion, is aimed at adding 2,300MW to the struggling Eskom grid. On oil, Radebe said the energy department had drafted the Petroleum and Liquid Fuels Sector Codes currently being discussed by key stakeholders. “We remain optimistic that this will encourage other companies to explore for oil and gas on our shores.
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