South Africa unpacks big pricing and load factor changes to inaugural gas-to-power procurement

Significant amendments to the request for proposal (RFP) documentation for South Africa’s much-delayed procurement of 2 000 MW of gas-to-power capacity have been unpacked, including an updated fuel pricing formula and an increase in the minimum load factor to 50% for the 20-year duration of the power purchase agreement. Independent Power Producer Office (IPPO) head Precious Edward also used a virtual briefing on the Gas to Power Independent Power Producer Procurement Programme, or GASIPPPP, to reaffirm government’s commitment to the new bid submission deadline of May 29, 2026 – this, for a programme initially launched on December 14, 2023, with an August 30, 2024, deadline.