Kubayi sets 77c/kWh price cap and October deadline for signing of 26 renewables projects

Energy Minister Mmamoloko Kubayi opened the window on Friday for the signing of contracts for 26 renewable-energy independent power producer (IPP) projects that have been on hold since 2015 when Eskom indicated it was no longer willing to enter into further power purchase agreements (PPAs), owing to the utility's return to surplus capacity. However, the Minister also stipulated that all the projects would be subject to a 77c/kWh cap; a price point that could prove challenging in light of ...