South Africa provides details on Credit Guarantee Vehicle as it confirms ITP procurement timelines

The South African government has provided an update on the timelines for the launch of the inaugural procurement of independent transmission projects (ITPs), as well as additional insight into the design of the so-called Credit Guarantee Vehicle (CGV) being set up to de-risk the programme for investors and government itself. In a joint statement, the Department of Electricity and Energy (DEE) and the National Treasury announced that the prequalification tender, or request for qualifications (RFQ), would be issued by the end of July to “shortlist capable, experienced, and financially sound bidders to proceed to the next stage of the ITP procurement process”.