Electricity Minister Dr Kgosientsho Ramokgopa reports that he is planning to co-host a seminar with the JSE in September to unpack various financing options for the expansion of South Africa’s electricity grid. Insufficient investment in the transmission system over the past number of years has emerged as a key constraint to the integration of much-needed new generation capacity and is particularly acute in regions with high-calibre wind and solar resources such as the Eastern, Northern and Western Cape provinces.
reports that he is planning to co-host a seminar with the JSE in September to unpack various financing options for the expansion of South Africa’s electricity grid.
“We want to understand, firstly, what is the size of these facilities that are available, what are the conditions . . . [and] what are the kind of structures that, in the view of the financing community, will be acceptable for them to participate in,” he reported during his weekly briefing on the implementation of the Energy Action Plan.
The Minister highlighted a footnote to the National Treasury conditions, which indicated that Eskom could approach the Finance Minister should it believe there was a case for it to take on new debt. News of the grid-financing seminar comes days after Eskom and independent power producers agreed to adjusted new rules for grid access, which resulted in G7 Renewable Energies withdrawing its court case against the Interim Grid Capacity Allocation Rules unveiled by Eskom on June 17.
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