All systems go for Nov 5 signing of first R47bn in renewables projects

Polity.org.za 29 October 2012.

Following several delays, government confirmed on Monday that the framework is now in place for the first 28 wind and solar projects, identified as preferred bidders under South Africa’s Renewable Energy Independent Power Producer Programme (REIPPP) in December 2011, to move to financial closure.

Energy Minister Dipuo Peters apologised for the delays, but said that preferred bidders should be prepared to begin signing the final agreements from November 5.

The contracts associated with all 28 projects would have to be concluded in a single day, rather than over several days as originally envisaged…

Click here for the full article

Advertisements