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Eskom wants to renegotiate what it pays IPPs - SAREC

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(Duncan Alfreds, Fin24)
(Duncan Alfreds, Fin24)

Cape Town - It seems Eskom still wants to renegotiate prices for the purchase of renewable energy from Independent Power Producers (IPPs), according to the South African Renewable Energy Council (SAREC).

According to SAREC, reports are emerging that budget quotes may only be approved if the cost of connection is significantly increased (in one case, doubled) compared to the original quotes. Of even greater concern for Sarec is that this allegedly depends on the condition that renewable tariffs are capped at 62c/kWh.

SAREC is aware of a case where Eskom allegedly wants to double the cost IPPs must pay to be connected to the national grid.

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