10 June 13:24
This change introduces a new era in our energy source, says Ramaphosa.
It should boost economic confidence in the country and could get international investors to look at us afresh, including our own investors.
10 June 13:21
Ramaphosa said there are companies willing to generate more energy, which motivated government to go beyond 50 MW.
Some companies have proposed more than 50 MW, indicating they have the means to do so.
Placing the threshold at 100 MW, means government gives capability to those who can get to that level.
This is seen as a great boon.
10 June 13:20
10 June 13:19
Eskom has a great future going forward, says Ramaphosa.
Eskom is not opposed to the changes, because it will continue being a mega player.
But Eskom will also be facing competition in the market - which is good for consumers.
10 June 13:18
Ramaphosa says that Eskom is being encouraged to get into the renewable energy space.
It is a power generator and there is nothing to stop it from getting into renewables.
10 June 13:17
Ramaphosa reiterates that the change will not lead to Eskom's debt spiral. It will continue to be supported by the sovereign.
10 June 13:13
Ramaphosa comments on the court dispute in the telecommunications space, delaying the release of spectrum. He is in favour of a mediation process.
The spectrum process will unlock a lot of economic energy in the country and allow the economy to grow.
10 June 13:03
Minister of Mineral Resources and Energy Gwede Mantashe weighs in on the Karpowership deal.
We do not have a Karpowership deal. We have a deal with 11 producers to provide electricity. Karpowership is one of them.
10 June 12:58
Ramaphosa notes the IRP is a living document - as the investment climate also changes the IRP has to respond.
Around the world, many financiers- whether they be development finance institutions, major banks or funding institutions have begun to shy away from fossil fuel projects and want more and more renewables.
The IRP is continually renewed.
10 June 12:56
10 June 12:56
10 June 12:55
10 June 12:46
Ramaphosa responds to a question on power ships and concerns raised from environmental groups. He says there are stakeholders consulted on an ongoing basis, and must be consulted and interacted with to hear their concerns.
My full understanding is this is still in process and by no means done, there are a few issues to be examined and studied carefully before any conclusion to be finalized.
Ramaphosa says that government will investigate the matter - if there is any sign of malfeasance, we must nip it in the bud.
10 June 12:36
10 June 12:35
Ramaphosa says that through operation Vulindlela a number of steps have been taken for economic recovery.
Many more announcements will follow.
10 June 12:33
10 June 12:28
Following public consultations, and discussions among ministers.
Government has decided to amend schedule 2 of the Electricity Act to raise the threshold for self-generation from 1 MW to 100 MW
10 June 12:27
Confronting the energy challenge requires bold and urgent action - not yesterday, but now, says Ramaphosa.
Incremental measures will not be sufficient to meet the challenge.
To respond to the crisis, it is important to be agile.
10 June 12:26
There has been some progress in addressing the energy security crisis - such as plans to procure additional capacity through the renewable energy independent power producer procurement programme.
Eskom is also working to reduce its debt burden and work on its restructure.
10 June 12:25
President Ramaphosa notes that load shedding presents a massive risk to the economy.
The achievement of energy security is one of the key economic interventions in the recovery and reconstruction plan.