As South Africa faces a week of extended stage 4 load shedding, there is some good news on the electricity generation front, as Eskom has announced several winning bids for independent power producers (IPPs), say economists at the Bureau of Economic Research (BER).
“Fortunately, over the medium term, it is not all doom and gloom on the electricity generation front,” the BER in a research note on Monday .
The BER noted that this is a positive step and adds to the sense that, after multiple delays, we could start to see a bunching of green energy investments in South Africa. Hopefully, this could start in earnest from the second half of 2023, the group said. Besides increased electricity demand amid a cold spell across the country and unplanned generation unit outages, Eskom’s problems were compounded by unprotected labour action after wage talks with unions reached a deadlock.
“Eskom regrets to inform the public that stage 4 load shedding is anticipated to continue from 05h00 on Monday morning until midnight at least until Wednesday.
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