South Africa Plans to Add Up to $4 Billion of Renewable Projects

June 5, 2018 By Paul Burkhardt and Ntando Thukwana, Bloomberg REW_SouthAfricaPlans4BN South Africa plans to invite bidders for additional renewable power projects that may amount to as much as 50 billion rand ($4 billion) of investment and help stimulate local and black-owned business. The fifth bid window for 1,800 MW of renewable projects under the government’s independent power producers program will start in November, according to a copy of Energy Minister Jeff Radebe’s speech given at a conference in Johannesburg on Friday. “The intention is to enhance local manufacturing to ensure investment and economic growth as well as the opportunity to encourage opportunities for black industrialists and the development of black independent power producers,” he said. The bid window will require similar generation technology to the so-called expedited round announced in 2015, which has expired, he said. Related: South African Renewable Energy Sector Enjoys Huge Victory with New Contracts Under President Cyril Ramaphosa, who is leading a drive to attract $100 billion of investment in the next five years, Radebe revived the national renewable-energy program that was once the world’s fastest growing, but had since stagnated. The minister signed agreements with 27 independent power producers in April after more than two years of delays. SPONSORED CONTENT BY Solar Reviews ? The Hidden Costs of Free Solar Panels in 2018 “Free solar panels” is a marketing phrase you're likely to see bandied about if you're in the market for a residential solar energy system. “Buyer beware” is common wisdom, and that phrase should pop into your mind immediately if you come across a sales or marketing pitch touting free solar panels (or free anything really). Brought To You By The independent power producer program will also aim to “take into account the different needs of the communities where the projects are and which will allow the impact to be measured,” Radebe said. Two coal-fired projects under the program will bring another 40 billion rand of investment to the country, he said.

Comments

Post a Comment

Popular posts from this blog

FairValley Heights – Forward Living

Image
Location: Athi River, Nairobi About FairValley Heights FairValley Heights is the latest upcoming development by Fairdeal Properties. It features efficiently designed 1, 2 and 3 bedroom apartments and spacious 4 bedroom villas. FairValley Heights is ideally located in a serene corner of Athi River, yet only a km from the busy Msa-Nbi highway and minutes away from major shopping malls, the airport and other major industries. With its exclusive amenities, ideal location and diligent design, FairValley heights is set to become the desired affordable housing scheme in Kenya, ensuring attractive returns for investors and a home to be proud of for first time home buyers. In line with the government’s Big 4 Agenda, The Project’s attractive prices and 3 year interest-free payment plan will help make the home-ownership journey a reality for many more Kenyans. Apartment Sizes & Prices:  1 Bedroom: 500 Sq. Ft- 1.9M  2 Bedroom: 770 Sq. Ft- 2.9M  3 Bedroom: 1040 Sq. Ft- 3.75M  4 Bedroo
Read more

DEMAG’S NEW DOUBLE V-GIRDER QUADRUPLES LIFTING CAPACITY

Image
Demag, one of the oldest crane manufacturers in the world established almost 200 years ago, has developed a new Double V-Girder crane which is capable of a 50T lifting capacity – four times that of the Single Girder. The double-girder overhead travelling cranes offer exceptional load capacity for a low deadweight. Their outstanding crane geometry also provides for extremely good travel characteristics, which minimises wear on the end carriages and crane runway. The load hook can be raised between the two crane girders, which allow large lifting heights to be achieved. The crane offers high long and cross-travel speeds thanks to high-performance double-girder design. The girders can be adapted to building structure requirements and has minimum approach dimensions thanks to the compact travelling hoist design. “Since the launch of the V-Girder in 2016, 60% of all our single girder cranes produced locally are now V-Girders”, said Richard Roughly, Senior Manager: Sales & Mark
Read more

Solesbee’s Announces IRONCLAD Marketing As Agency Of Record

Image
WINSTON, Georgia (Feb. 12, 2018) — Solesbee’s Equipment & Attachments LLC, a premier equipment and attachments manufacturer, has selected IRONCLAD Marketing as its Agency of Record. The Fargo, North Dakota-based company is managing Solesbee’s marketing efforts. A division of the KINSHOFER Group, Solesbee’s is a full-service heavy equipment attachment manufacturer offering a wide range of attachments for forklifts, bulldozers, front-end and back-end loaders, excavators and tractors. Solesbee’s designs its attachments to maximize productivity and profits on the jobsite. Effective immediately, IRONCLAD Marketing has assumed management of all advertising and public relations programs. Please direct all marketing inquiries to Denise Stoppleworth, IRONCLAD president, at 701-373-0062 or denise@ironcladmktg.com. Solesbee’s, a leading manufacturer of quality heavy equipment attachments, offers a wide range of standard and custom attachments designed for excavators, bulldozers, front-end
Read more