South Africa

South Africa

South African tender delayed until mid-2013

SOUTH AFRICA: The third round of South Africa's renewable energy independent power producers programme has been delayed from October 1 to May 7 2013.

Google Translate

The Department of Energy (DoE) said the delay is largely due to requests from the industry, the need to focus on financial closure for projects selected during the first two bidding rounds, and to revise the request for proposals.

The announcement comes as the DoE struggles to secure financial close for round-one projects selected last December. The deadline was originally set for June, but the government approval process has taken "longer than anticipated," says the DoE.

The department insists that it has finalised all the necessary approvals required to enter into Implementation Agreements with the preferred bidders. These agreements are designed to ensure  bidders stick to their commitments.

At the same time, the government has also finalised a framework providing guarantees for state utility Eskom, which will sign 20-year power purchase agreements.

There is no indication when the approval process might be completed, though some bidders hope to sign off on their projects by the end of September.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Latest news

Partner content