Shumba Energy pleased with South Africa’s Determination of cross-border electricity procurement

Botswana-listed junior coal miner Shumba Energy is pleased with the decision of the Minister of Energy, along with the National Energy Regulator of South Africa, to formally determine the terms for cross border electricity procurement. The South African Department of Energy will be responsible for selecting and procuring IPP programmes targeting connection to the grid with a specific additional generation capacity of 3,750 megawatts from coal. The electricity must be purchased directly from IPPs by Eskom Holdings or by any successor entity to be nominated by the Minister of Energy. “The management and board of Shumba Energy have based the company’s projects investment plan and associated project development programmes upon the key strategic understanding that cross-border energy demand would eventually become a reality within the southern region of Africa,” says Mashale Phumaphi, managing director at Shumba Energy.