Fin24 reports that new Energy Minister Mmamoloko Kubayi has delayed the signing off of Eskom's Power Purchase Agreements (PPAs) with key renewable energy independent power producers (IPPs).
The SA Renewable Energy Council (Sarec) said in a statement on Monday that it noted, with concern, that the deadline set by the previous minister of energy for financial closure of outstanding PPAs would not be met. President Jacob Zuma directed Eskom in his 2017 State of the Nation Address to finalise the signing of the PPAs for these IPPs. Following on from that, Eskom blamed its decision to speed up its decommissioning schedule of five coal power stations on the Renewable Energy Independent Power Producer Procurement (REIPPP) programme, which legally obliges it to buy all the power produced by private wind and solar plants. The National Union of Metalworkers of SA, as well as the National Union of Mineworkers, has directed its anger at the REIPPP programme, saying it should not be allowed to cause the loss of about 20,000 jobs. Whether these concerns could trigger a response from Kubayi is unknown.
- Read this report by Matthew le Cordeur in full at Fin24
- Read too, IPPs to wait a bit longer for Eskom deal, at Business Report
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