Over R1.2trn is expected to be spent on IPPs if the current energy plan is not revised, writes Matshela Koko, Eskom’s group executive for generation.
THE introduction of independent power producers (IPPs) was partly based on the assumption that Eskom would only be able to build enough generating capacity by 2022. But through disciplined implementation of the plant maintenance programme, Eskom has been able to stabilise the power system, resulting in no load shedding in more than one year.
This turnaround is a game-changer. It will have a significant impact on the expedited IPP Bid Windows which are based on Eskom not being able to turn around its operations by 2022. It significantly improves the medium-term capacity outlook. Most importantly, it has a positive impact on the price that the consumer will pay for electricity going forward.