R100bn in investments for power supply

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President Cyril Ramaphosa’s announcement that private power generation has been increased from 1MW to 100MW will attract investment to the country. Photo: Tebogo Letsie
President Cyril Ramaphosa’s announcement that private power generation has been increased from 1MW to 100MW will attract investment to the country. Photo: Tebogo Letsie

NEWS

According to experts, President Cyril Ramaphosa’s announcement that the threshold for licensing private power generation projects will be increased from 1MW to 100MW could lead to investments of about R100 billion in private power generation in the next five to seven years – and eventually bring an end to rolling blackouts.

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