Industry body Business Unity South Africa (Busa) CEO Cas Coovadia says the head of State duly considered the private sector and energy experts’ proposals for stabilising and securing the country’s energy supply.
TNPA recently carried out an internal audit, which indicated a need to stabilise the entity’s energy supply and costs, and reduce greenhouse-gas emissions at the eight commercial seaports.
The IDC is participating in the project through its funding support to a black economic empowerment group called H1 to acquire a 49% equity in this venture, alongside Norwegian renewable energy manufacturer Scatec.
He says there is no proposed special levy for solar users, but instead, Eskom has applied to the National Energy Regulator of South Africa for a new tariff structure for all homeowners that would include a fixed cost and variable cost.
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