While warning of a difficult winter for electricity security, President Cyril Ramaphosa has again moved to highlight the success of a recent market reform that has enabled private distributed generation projects of any size to proceed without having to undertake an onerous licensing process. Addressing lawmakers during his Budget Vote, Ramaphosa said that the amendment to Schedule 2 of the Electricity Regulation Act, which initially removed the licensing requirement for projects below 100 MW and was later adjusted to remove the threshold altogether, had stimulated significant investment activity.
Mineral Resources and Energy Minister Gwede Mantashe is convinced that mining companies can supplement State-owned Eskom’s supply of electricity, and that this would be critical for narrowing the electricity supply and demand gap, thereby improving South Africa’s mining industry global ranking, which was in the bottom quartile on both investment attractiveness and policy perception indexes by research organisation Fraser Institute’s 2022 survey of mining companies. “A success story is registered in the performance of Gold Fields, which registered a 10% production growth despite the 9% decline year-on-year in the sectors’ overall production. This is because they completed their 50 MW plant, which is giving them enough energy and registered some surplus. Therefore, the industry’s investment in expanding its own electricity capacity to power its operations gives us hope,” Mantashe said at the Minerals Council South Africa’s 133rd annual general meeting, in Johannesburg, on May 31.
A Gauteng-based solar PV supplier and installer has agreed to pay a R200 000 administrative penalty after being accused of collusion in public tenders. The Competition Commission, following an investigation, found that the firm, Pacific Solar, had colluded with another service provider Nert Technologies, in preparing and pricing their bids for tenders from the Council for Geoscience and The Department of Mineral Resources and Energy (DMRE).
INDUSTRY NEWS
- DMRE to push for Cabinet approval of new-look IRP by end-March despite big revisionsNovember 26, 2024 - 6:04 pm
- NTCSA appoints EPC suppliers for transmission substationsNovember 25, 2024 - 5:05 pm
- Eskom finalises technical breakthrough enabling it to extend deadline for meter conversionsNovember 25, 2024 - 1:04 pm
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