French Foreign Trade and Economic Attractiveness Minister Franck Riester, who is leading a business delegation to South Africa this week, reports that French firms will follow-up their R20-billion in investment commitments made to South Africa in 2019 with new promises worth a further R14-billion. French companies made pledges worth a combined R20-billion during the second yearly South Africa Investment Conference, which took place in Sandton, Gauteng, in November last year.
President Cyril Ramaphosa has highlighted the importance of project preparation to unlocking the mostly private finance that will be needed to realise government’s goal of investing R1-trillion in infrastructure over the coming four years and turning South Africa into a “building site”. Speaking at an Infrastructure South Africa (ISA) roundtable in Gauteng on Tuesday, Ramaphosa said that private sector funding and high-impact capital funding would be secured only if a credible pipeline of “bankable” projects was developed.
Saudi Arabian power generation company Acwa Power’s Bokpoort concentrated solar power (CSP) plant, in the Northern Cape, has become the first renewable facility on the continent to complete a full week of continuous around-the-clock operation. The operation set the new African continent benchmark by achieving 13 days, or 312 hours, of continuous operations on October 23, which is almost double the previous record it had set in March 2016.
State-owned power utility Eskom has introduced its project for the construction of the 282 km of 400 kV transmission line, with associated feeder and transformer bays, which will be construction between the Gromis substation, in the Northern Cape, and the Juno substation, in the Western Cape. The utility met with various districts and local municipalities from the two provinces on October 29.
Energy and chemicals group Sasol reports that it has secured more than 100 000 carbon credits in a transaction concluded under the South African Carbon Offset Administration System (COAS), set up to facilitate the listing, transfer and retirement of such credits to offset carbon tax liabilities. In a statement the JSE-listed company said the transaction had been concluded with Bethlehem Hydro, a South African independent power producer (IPP), and that it was among the first concluded under COAS, which was launched earlier this year.
Energy and chemicals group Sasol reports that it has secured more than 100 000 carbon credits in a transaction concluded under the South African Carbon Offset Administration System (COAS), set up to facilitate the listing, transfer and retirement of such credits to offset carbon tax liabilities. In a statement the JSE-listed company said the transaction had been concluded with Bethlehem Hydro, a South African independent power producer (IPP), and that it was among the first concluded under COAS, which was launched earlier this year.
South Africa’s Independent Power Producer (IPP) Office has confirmed an extension to the bid submission deadline, to December 22, for the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), under which government aims to procure some 2 000 MW of dispatchable generation capacity for operation by mid-2022. The original bid submission deadline was November 24.
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