New energy minister delays IPP signing amid protest from unions

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
BioTherm wind farm at Dassiesklip. (Photo: Supplied)
BioTherm wind farm at Dassiesklip. (Photo: Supplied)

Cape Town – 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) on Tuesday, a move that would have ended almost two years of delays.

“The SA Renewable Energy Council (Sarec) has noted, with concern, that the deadline set by the previous minister of energy for financial closure of outstanding PPAs … will not be met,” the organisation said in a statement on Monday.

“Sarec learned this weekend that when invited to attend the signing of contracts at the IPP office, the new minister’s office asked that the signing be delayed.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.17
-0.3%
Rand - Pound
19.89
-0.1%
Rand - Euro
17.12
-0.3%
Rand - Aus dollar
10.92
-0.1%
Rand - Yen
0.13
-0.4%
Gold
1,816.99
+0.1%
Silver
26.93
-0.2%
Palladium
2,814.00
-1.6%
Platinum
1,210.00
-0.3%
Brent Crude
69.32
+1.1%
Top 40
59,878
-2.7%
All Share
65,833
-2.4%
Resource 10
68,942
-3.8%
Industrial 25
82,026
-2.1%
Financial 15
12,523
-1.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1428 votes
No, I did not.
52% - 3579 votes
My landlord refused
28% - 1905 votes
Vote