Nafcoc pushes for transformation amid promise of energy generation opportunities

Federated chamber the National African Federated Chamber of Commerce and Industry (Nafcoc) has welcomed the announcement by President Cyril Ramaphosa that the licensing-exemption threshold for distributed generation projects will be increased to 100 MW from the previous cap of 1 MW. “We are delighted with this development as it allows ordinary companies and independent power producers (IPPs) to contribute significantly to the country’s energy requirements and it also creates an environment that is conducive to investment in clean energy in South Africa,” says Nafcoc Gauteng spokesperson Refilwe Monageng.