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Business Report writes that an Eastern Cape project meant to supply hundreds of towers a year to independent power producers (IPPs) has started shedding jobs and allegedly stands on the brink of ruin.
This is because of Eskom’s delay in concluding power purchase agreements. Eskom and the renewable industry have been at each other’s throats over 20-year power purchase agreements that utility is supposed to sign to buy power from companies selected to develop renewable energy projects. DCD Group chief executive Digby Glover on Friday said the company’s R536-million Wind Towers venture in the Coega Industrial Development Zone (IDZ) near Port Elizabeth had already started shedding jobs and was likely to close in April if Eskom did not sign the power purchase agreements. “So it has been clear for some time what the implications of Eskom’s delay would be - and now it is happening,” said Glover. In response, Eskom has consistently said the IPPs would only be signed at a pace Eskom could afford.
- Read this report by Siseko Njobeni in full at Business Report
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