South African Government Information 10 December 2012.
Mayor of Emthanjeni Municipality,
Councillors of both Local and District Municipalities,
Chairperson, CEO and Board Members of Solar Capital
Ladies and gentlemen
Thank you very much for the kind invitation to participate in this momentous occasion. I am not sure if all of us are aware of this, but this sod-turning or site inauguration is the first official projects launch of the Renewable Energy Independent Power Producer (IPP) Procurement Programme. Indeed we have reason to be in a celebratory mood, and let me congratulate Solar Capital on this achievement.
When Government announced its intention to start the process of moving away from our carbon intense modes of energy production, there was a lot of scepticism from various quarters, but the events today bears testimony to the fact that we have moved considerably as a country towards this goal.
With this site inauguration today you are contributing a critical building block towards the ruling party policy objective of a diversified and sustainable energy mix for the country.
More than that, the investments we make in the renewable energy sector, at both the primary generation and secondary manufacturing levels, will undoubtedly contribute to economic development and growth, as well as much needed job creation.
Since the release of the Request for Proposals for this programme on 3 August 2012, we have announced the preferred bidders for Windows One and Two of the programme, representing in excess of 2400MW of power, worth an investment of R 74 billion in the energy sector.
It is also important to note that the CO2 offset that will be created by the implementation of this Renewable energy IPP plan in the first two windows alone will result in about 4 million tons of CO2 per year. If the full Renewable Energy component of about 18 000 MW is been implemented by 2030, as been envisaged by IRP2010, about 40 million CO2 emissions will have been offset…