Electricity Minister Dr Kgosientsho Ramokgopa reports that he is planning to co-host a seminar with the JSE in September to unpack various financing options for the expansion of South Africa’s electricity grid. Insufficient investment in the transmission system over the past number of years has emerged as a key constraint to the integration of much-needed new generation capacity and is particularly acute in regions with high-calibre wind and solar resources such as the Eastern, Northern and Western Cape provinces.
reports that he is planning to co-host a seminar with the JSE in September to unpack various financing options for the expansion of South Africa’s electricity grid.
“We want to understand, firstly, what is the size of these facilities that are available, what are the conditions . . . [and] what are the kind of structures that, in the view of the financing community, will be acceptable for them to participate in,” he reported during his weekly briefing on the implementation of the Energy Action Plan.
The Minister highlighted a footnote to the National Treasury conditions, which indicated that Eskom could approach the Finance Minister should it believe there was a case for it to take on new debt. News of the grid-financing seminar comes days after Eskom and independent power producers agreed to adjusted new rules for grid access, which resulted in G7 Renewable Energies withdrawing its court case against the Interim Grid Capacity Allocation Rules unveiled by Eskom on June 17.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Popular South Seattle fish market, Mutual Fish, to close mid-SeptemberA famous family fish market that's been operating in Seattle for several generations is shutting its doors for the last time in mid-September.
Read more »
South Africa Ranks In The Top 10 EMEA Markets For Volvo EX30 Pre-Orders!The scheduled arrival of the Volvo EX30 in the first quarter of 2024 means Volvo is poised to further increase its share in the fast growing EV market.
Read more »
What channel is South Carolina vs. Furman on today? (9/9/23) Time, TV, LIVE STREAM: Watch NCAA Week 2 college football onlineFurman faces South Carolina on Saturday, September 9, 2023 (9/9/23) at Williams Brice Stadium in Richland County, South Carolina
Read more »
Shop 11 Looks We're Loving for the Start of SeptemberAs we ease out of summer and head into fall, check out these early fall staples that will elevate your wardrobe — shop our favorites
Read more »