Posts tagged as IPP

FirstRand joins exodus of banks withdrawing funding of new coal-fired power plants in SA

. FirstRand Bank has joined the exodus of local banks that were funding new coal-fired power plants in South Africa, and in particular the Thabametsi and Khanyisa independent power producer (IPP) projects. These two projects are included in the draft integrated resource plan for electricity, Draft IRP 2018, for completion in 2023 and 2024. The […]

Nedbank withdraws funding for new coal IPPs

. Nedbank lived up to its slogan as the “green” bank in a decision to  withdraw its funding of two proposed new coal-fired power stations in South Africa, Thabametsi and Khanyisa. This decision fits with the banking group’s commitment to “green” funding, responsible lending and supporting sustainability initiatives. The bank says its initial proposal for […]

Comments on the draft integrated resource plan (IRP2018)

The recently released IRP2018 draft, a discussion document and not cast in stone, differs significantly from both the 2010 and 2016 versions. Changes which steer the plan away from a diverse mix of technologies in the direction of a high dependence on renewable energy have evoked a large amount of comments, both pro and anti. […]

Funding of two new coal IPPs in South Africa under threat

International and local efforts to restrict funding for construction of new coal-fired power plants are gaining momentum, and threatening financial closure of the planned two new coal independent power producer projects in South Africa, Thabametsi and Khanyisa. In the latest development, it has been reliably learned that last week Standard Bank advised the director general […]

An invitation to invest in South Africa’s energy sector

The minister of energy invites all investors in the energy sector to consider South Africa as a developing nation with huge potential to grow in a politically stable environment. The country is open for business and welcomes foreign direct investments. Addressing ministers, senior government officials, company CEOs and other dignitaries from Kenya, Togo, Benin, Sao […]

Nuclear on back burner as renewables gain greater share of SA’s electricity future

The South African government will launch a new round in its Renewable Energy Independent Power Producers’ Procurement Programme later this year. Addressing an audience of about 400 delegates at the Department of Energy’s (DoE’s) Stakeholder Engagement event at Gallagher Conference Centre recently, Jeff Radebe, the minister of energy, said that his department will launch a […]

An assessment of new coal plants in South Africa’s electricity future

.  An important new research report by Gregory Ireland and Jesse Burton, of the Energy Research Centre (ERC), University of Cape Town, was published on 30 May 2018. The report assesses the cost, emissions and supply security implications of South Africa’s coal baseload independent power producer (IPP) procurement programme which was launched in 2014 in line with […]

Working hard to develop the industry

Davin Chown, the South African Photovoltaic Industry Association’s (SAPVIA’s) chairperson, says that while the recent signing of the 27 power-purchase agreements has ushered in many a sigh of relief, what happens next with the Expedited Round, the Small IPP Programme and the IRP (which will be up for another round of consultation before being made […]