Joburg aims to partner with IPPs on R26bn electricity investment strategy

The City of Johannesburg says it plans to partner with independent power producers (IPPs) on a R26-billion electricity investment strategy, which is designed to end load-shedding and place City Power on a more financially and environmentally sustainable footing. The strategy involves a diversification of electricity sources away from Eskom, which currently provides the city with 90% of its power, while also securing City Power’s revenue, which was currently threatened by grid defection, theft and the prospect of a “utility death spiral”.