Deadline for closure of first 28 renewables bids extended to meet developers ‘halfway’

By: Terence Creamer, Engineering News:

South Africa’s Energy Minister Dipuo Petersofficially confirmed on Thursday that the deadline for the financial closure of the first 28 renewable energy projects named as preferred bids in December had been extended until the end of July.

The deadline had originally been set for June 19, but the Department of Energy (DoE) decided to extend the deadline for the signing of the implementation, connection and power purchase agreements in an effort to assist bidders struggling to finalise outstanding bid commitments.

Peters described the Renewable Energy Independent Power Producer Programme (REIPPP) as a “pioneer” process globally and indicated that the decision to extend the timeframe had been informed by President Jacob Zuma’s appeal to government departments to alleviate constraints on businesses seeking to invest… Read more

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