Eskom IPP freeze will result in 15 000 fewer jobs - Sarec

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Cape Town – The SA Renewable Energy Council (Sarec) said 15 000 possible jobs are in jeopardy as Eskom refuses to sign power purchasing agreements (PPAs) with 26 Department of Energy (DoE)-approved renewable energy plants.

Former Eskom CEO Brian Molefe went against a DoE mandate to sign the PPAs in 2016 as part of the Independent Power Producer Procurement programme (REIPPP), which was up until mid-2016 the pride of South Africa’s investment portfolio.

A September 2016 DoE official report into the state of the REIPPP programme said it brought in investment of R194.1bn, it created 32 323 jobs and injected socio-economic development contributions of R256.2m.

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