Eskom’s decision no longer to reserve grid capacity for Karpowership means this capacity can now be awarded to other projects.
Browsing: Scatec
South Africa’s hopes for a raft of new power projects to help it out of a crippling energy crisis are fading.
Norway’s Scatec, the biggest solar power producer in South Africa, is considering direct sales to business customers.
Companies yet to complete financing arrangements to build 1.85GW of generation capacity may soon lose the right to connect to the national grid.
Scatec has reached financial close for three planned solar projects in the Western Cape, to be built at a cost of R5.1-billion.
British International Investment, the UK government’s development finance arm, plans to invest $6-billion over the next five years.
Government has signed power purchase agreements for 150MW of capacity from private projects by developer Scatec that were selected a year ago.
South Africa’s plan to add an estimated R95-billion worth of private emergency power generation has been further delayed.
“Wheeling” – moving privately generated power to customers across the national grid – is gaining traction in South Africa’s increasingly liberalised energy market.
A court case filed by a losing bidder in South Africa’s emergency power programme threatens to delay the provision of the electricity by months.