An urgent piece of legislation that is key to overcoming SA’s energy crisis has yet to be introduced into Parliament, it emerged on Wednesday, raising the fear that it will not be passed this year. The Electricity Regulation Amendment Bill was approved by the Cabinet in March with the promise by Minister in the Presidency Khumbudzo Ntshavheni that it would be prioritised.
Norwegian entities, as existing investors with more than 3 GW of renewable energy projects in South Africa, are eager to facilitate more business between the two countries and further into the African continent, particularly as South Africa is undertaking regulatory reforms to liberalise its energy market. In a panel discussion hosted by Oslo-headquartered renewable energy company Scatec on August 15, Norwegian Ambassador to South Africa Gjermund Sæther said South Africa was a leader on the African continent, showing increasing potential for business-to-business cooperation.
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