‘Right policy changes’ could ignite R150bn in electricity investment by private firms

Business Leadership South Africa (BLSA), which is made up of some of South Africa’s largest domestic and multinational companies, estimates that private firms would move to invest billions in new power generation capacity in the near term should the rules governing embedded or distributed plants be changed to support such projects. CEO Busi Mavuso says BLSA believes that companies could invest some R150-billion in new plants, most of which would arise in the form of solar photovoltaic (PV) energy “which is currently the least-cost source”.