IPP Office confirms ongoing dispute with 13 projects over payment of bid bonds

The head of South Africa’s Independent Power Producer Office (IPPO) has confirmed that it has called the bid bonds for 14 projects that failed to advance to commercial close during the fifth bid window (BW5) of the country’s renewables procurement programme. Bernard Magoro told lawmakers this week that one preferred bidder had agreed to pay the bid bond, but that the other 13 were still the subject of a legal dispute.