DME, DBSA create fund to boost renewable energy investments

DME, DBSA create fund to boost renewable energy investments

The Department of Minerals and Energy (DME), together with the Development Bank of Southern Africa (DBSA), has established a renewable energy market transformation programme (REMT) to assist investors in overcoming some of the obstacles and barriers preventing growth in the renewable energy sector.

Some $8,3-million in funding has been made available for the programme, and this came from government ($2,3-million), and global financial institutions, namely the World Bank, through its global environment facility ($6-million).

However, the project was worth some $17,3-million, as about $9-million of already installed capacity from the private sector was contributed.

The project’s objectives were to “remove the barriers and reduce the implementation costs of renewable energy technologies, and also to promote on-grid electricity for renewable energy sources”, explained REMT project coordinator Moses Chundu.
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Eskom gives assurance that MTPPP programme is intact

Eskom gives assurance that MTPPP programme is intact

South African power utility Eskom has dismissed suggestions that its Medium Term Power Purchase Programme, better known as the ‘MTPPP’, has been delayed and says that it is in the final stages of adjudicating proposals.

Engineering News has received correspondence for several potential participants expressing concern that the process had seemingly stalled.

Some even raised whether the process might not be headed in the same direction as Eskom’s so-called multisite base-load independent power producer (IPP) programme, which had been delayed until to May, at the earliest. The State-owned enterprises said that the decision to postpone the release of the request for proposals for the IPP programme had been taken to allow time for outstanding regulatory matters to be dealt with. Link..................